| Program | Benefits | Presentation | Term Sheet | Calculator | Application |
| CONSTRUCTION/SUBSTANTIAL REHAB | |||||
HUD 232 New construction/substantial rehabilitation for skilled nursing, assisted living, and board & care. |
40 year, fixed rate, non-recourse, one closing, assumable. Lower of 75-80% LTV or 90-95% Loan to Cost. |  |
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USDA Community Facilities Program | |||||
| ACQUISITION/REFINANCE | |||||
HUD 232/223(f) Refinance/acquisition for skilled nursing, assisted living, and board & care. |
35 year fixed, non-recourse, assumable. 80-85% secondary financing up to 7.5%. | |
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Agency Refinance/acquisition for skilled nursing, independent living, assisted living, Alzheimer's units. |
30 year fixed, non-recourse, assumable. 75-80% LTV. TWEAK | ||||
USDA Community Facilities Program | |||||
Government Finance Program Refinance/acquisition for skilled nursing, assisted living, and board & care. |
25 year fixed, recourse. 80-85% LTV. TWEAK | ||||
HUD a7 (existing HUD loans) Financing for existing healthcare HUD loans. |
Refinance up to 12 years beyond remaining term. Maximum term is 35 years. No cash out, non-recourse, assumable. | |
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HUD 241(a) (existing HUD loans) Provides insured second mortgages to finance repairs, additions and improvements to existing healthcare properties already held or insured by HUD. |
83-90% of replacement costs. Up to 40 years, non-recourse, assumable. | ||||
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