95% Acquisition Financing - Assisted Living
- 95% Financing
- SBA Loan
- Lease Equity Credit
- 25 Year Fixed Rate
Bedford Lending secured financing for the acquisition of a 30 -bed assisted living facility in the Southeast. At the time the tenants had been leasing the property for 3 years and had the first option to purchase the property.
The loan was structured with an SBA loan guarantee and a fixed 25-year loan. Under the program, the SBA requires 10-20% down payment, however due to BLC's extensive SBA knowledge, we secured approval to use a portion of the rent payments as a credit towards the purchase price. As a result, the client only needed 5% equity to close the loan.
We engaged BLC to assess our construction options. They are the only company in the country that are both HUD and USDA lenders and certified tax credit consultants. Their knowledge was invaluable in developing a creative finance solution. We plan to use BLC for all our deals. "
Our Finance Options
- Permanent Mortgages
- HUD/FHA Construction
- HUD/FHA Permanent Loans
- USDA (538) Loans
- SBA Loans
- Business Loans
- HUD 202 Loans
- Small Balance Loans
- Forward Commitments
- Bridge Loans
- Credit Enhancements
- Mezzanine Debt
- Fixed and Adjustable Loans
- Participation Loans
- Sale Leaseback Financing
- Section 8 Loans
- Tax Credit Financing
Newsletter Signup
© 2012 Bedford Lending. All rights reserved.