NEW CONSTRUCTION 232 PROGRAM

Skilled Nursing/Assisted Living Facility 232- New Construction
90% Loan-to-Cost
Interest-only construction loan that automatically converts to 40-year permanent financing
40 Year Amortization
40 Year Term (no balloon)
No maximum loan amount Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
No personal liability (non-recourse)
Negotiable pre-payment terms
1:10 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs are financeable.
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.