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Healthcare Loan Programs
FHA 232 New
Construction/Substantial Rehabilitation |
FHA 232/223F
Acquisition/Refinance
FHA 232
New Construction/Substantial Rehabilitation
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Property Type: |
New Construction / Rehabilitation |
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Loan Type: |
Acquisition or Refinance |
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Loan Amount: |
$1,000,000 minimum |
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Loan Term: |
40 years (self-amortizing) |
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Loan To Value: |
90% maximum (95% non-profit) |
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Minimum DSCR: |
1.11 |
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Reserves: |
Initial reserves are funded out of
loan proceeds
Annual contributions made by borrower |
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Interest Rate: |
See pricing grid |
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Construction Loan: |
Fixed at closing |
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Permanent Loan: |
Fixed at closing of construction loan |
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Liability: |
Non-recourse to the principal of the
borrower |
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Entity: |
Single asset entity |
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Prepayment: |
5 year lock-out with 5 year
negotiated tail; typically 5%, 4%, 3%, 1%; thereafter, at par. |
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Assumption: |
Subject to HUD approval and fee
payment |
THIS
FHA PROGRAM OFFERS BOTH CONSTRUCTION AND PERMANENT FINANCING
ON ONE LOAN. HUD'S NEW "MAP" PROCEDURE MAKES FINANCING A
REALITY IN TODAY'S ENGAGING AND FAST MOVING REAL ESTATE
MARKET. IDEAL FINANCING PROGRAM FOR NON-PROFIT ORGANIZATIONS.
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FHA
232/223F Acquisition/Refinance
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Property
Type: |
Acquisition or Refinance |
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Loan Amount: |
$1,000,000 minimum |
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Loan Term: |
35 years (self-amortizing) |
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Loan To
Value: |
85% |
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Minimum DSCR: |
1.176 |
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Reserves: |
Initial reserves are funded out
of the loan proceeds
Annual contributions made by the borrower |
|
Interest
Rate: |
See pricing grid |
|
Liability: |
Non-recourse to the principal of
the borrower |
|
Entity: |
Single asset entity |
|
Prepayment: |
5 year lock-out with 5 year
negotiated tail; typically 5%, 4%, 3%, 2%, 1%; thereafter, at par. |
|
Assumption: |
Subject to HUD approval and fee
payment |
The new FHA "MAP" PROCEDURE MAKES FINANCING A REALITY IN
TODAY'S ENGAGING AND FAST MOVING REAL ESTATE MARKET.
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of Page]
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