Assisted Living Financing

assisted living financing

Assisted Living (With or Without Memory Care)

Financing:         Nationwide
Loan Amount:  $3 million - $15 million (including preferred equity and mezzanine financing); property's first mortgage must be                              financed with us to qualify for this program.
LTV:                     75% - Purchase
                             85% - 90% by addung mezzanine financing or preferred equity to capital stack
Term:                   6 - 36 months
Origination Fee: Varies
Prepayment:     None
1st Lien:             Required
Foreign Nationals:   OK
Funding:             20 - 30 days
Credit:                No minimum credit score required (asset based lending)
Tax Returns:     NO tax returns or income verification
Interest reserve can be built into the loan so no monthly payments