Up to 92.5%* Loan-to-ValueMultifamily – Assisted Living Acquisition
- $2 Million Loan Minimum
- 35 Year Amortization
- 35 Year Term (no balloon)
- 7.5% Seller promissory note allowed for down payment requirements
- 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
- 1:15 Minimum Debt Service Coverage
- This loan is always assumable
- Third-party expenses and loan costs are financeable.
* 85% LTV with 15% equity where we may allow 1/2 of the 15% in the form of a seller note on apartments. Thus only 7.5% equity or 92.5% CLTV.
Please keep in mind that there are more deals needing money than money to lend so only the better deals get funded. To find out if we can help you, just call us at: 1-863-298-8900. It costs nothing to see if we can help you!
So call us TODAY at 863-298-8900 or visit our web site at http://commerciallendingpros.com/
8 comments:
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Three Links Care Center on Northfield MN is a retirement home community for seniors in MN. Choose from our private residence floor plans and enjoy independent living.
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