Bridge Loan
Nursing Home & Care Facility Loans - LG166
Nursing Home & Care Facility Loans - LG166
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Assisted Living, Senior Care - Commercial Property |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $200,000 |
| Loan amount Maximum | $20,000,000 |
| Interest Rate Minimum | 8% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 5 |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 8 months |
| Typical Days Required to Fund | 6-10 Business days |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| General Pricing or Guideline info | - Wilshire Quinn finances assisted living facility loans nationwide up to $20 million. We realize the complexities of assisted living facilities and healthcare buildings. Our successful track record as private money lenders is closely linked to our ability to make immediate lending decisions based on our highly disciplined underwriting approach. - Time to Close 5 - 7 days - Up to 60% LTV and 60% of ARV for rehab, not to exceed 90% of the purchase price. - Loan Term: 3 - 24 months - Lending Areas Nationwide, in metropolitan and coastal areas. |
| Updated as of | 2023-10-09 |
| Program Code | LG166 |
- Wilshire Quinn finances assisted living facility loans nationwide up to $20 million. We realize the complexities of assisted living facilities and healthcare buildings. Our successful track record as private money lenders is closely linked to our ability to make immediate lending decisions based on our highly disciplined underwriting approach.
- Time to Close 5 - 7 days
- Up to 60% LTV and 60% of ARV for rehab, not to exceed 90% of the purchase price.
- Loans Term: 3 - 24 months
- Lending Areas Nationwide, in metropolitan and coastal areas.
