Blog Archive

Tuesday, February 10, 2009

92.5% Multi-Family & Assisted Living Financing!

We have access to special government guaranteed financing programs for apartment building and assisted living facility acquisition, rehab and new construction that offer loans of up to 90% loan to cost for new construction and rehab projects and up to 92.5% total financing to appraised value for purchases with fixed rates and 35 year amortization available.

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/

1 comment:

Mike Lintro said...

Assisted living facilities can be pretty nice when you have family close by. We moved my grandpa to a closer home a few years ago, and although he misses the house he grew up in, he is getting used to a smaller house. It is just a lot better to have him in a building that doesn't have any stairs. He never took a bad fall, but I'm sure it would have happened eventually. http://www.jacobswellalf.com