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Assisted Living Loans - Seniors Housing Mortgages

HEALTH CARE FINANCING

Commercial Loan Direct can help you arranging financing for seniors housing projects; including congregate care facility mortgages, assisted living property loans, skilled care nursing home mortgages, and continuing care retirement community loans. Our expertise and experience with long term care financing covers the full spectrum of seniors housing, from independent living to skilled care nursing and acute care facilities.

Skilled Nursing Facilities (SNF), Assisted Living Facilities (ALF) and Special Use

 
Refi
Const.*1
Sub Rehab*2
Term
LTV
Type
FHA
Y
Y
Y
30-40yr
95%
ALF/SNF
FNMAE
Y
N
Y
10-25yr am
75%
ALF
Mezzanine
Y
N
Y
2-3yr
75%
ALF/SNF
Bridge
Y
N
Y
2-5yr
75%
ALF/SNF
  • *1 With major moveables.
  • *2 With major moveables.

 

Small, Rural and Community Hospitals

 
Refi w Repairs*2
Const.
Sub Rehab
Term
LTV
Type
FHA*1
Y
Y
Y
25yr
90%
Acute Care
USDA*3
Y
N
N
10-25yr am
75%
Acute Care
  • 1* Including tax exempt bond enhancement.
  • 2* Requires 20% of loan proceeds for repairs/equipment.
  • 3* No tax exempt bond enhancement.

Seniors Independent Living

 
Refi
Const.
Sub Rehab
Term
LTV
Type
FHA
Y
Y
Y
35-40yr
95%
Age Restricted Apts.
FNMAE
Y
N
Y
10-25yr am
75%
Congregate Care
Mezzanine
Y
N
Y
2-3yr
85%
Congregate Care
Bridge
Y
N
Y
2-5yr
85%
Congregate Care

 

In its prequalifying review, Commercial Loan Direct will attempt to estimate the assisted living loan amount and the fees and costs associated with the senior housing mortgage. Actual assisted living loans and actual fees and expenses may vary from the prequalifying estimates. A prequalifying estimate is not a commitment to make a loan.

Commercial Loan Direct offers very competitive pricing in assisted living loans, assisted living mortgages, and seniors housing apartment loans.