Skip to content
logo
Search
Close this search box.
(800)865-9011

Eastern Mortgage Capital

Long Term Commercial Loan
232/223(f) Healthcare Acquisition/Refinance - LG255

Eastern Mortgage Capital

Summary of all Guidelines

Loan Types Commercial Loan
Property Types Assisted Living, Senior Care - Commercial Property, Skilled Nursing
Lendding Area NATIONWIDE
Loan amount Minimum $1,000,000
Loan amount Maximum $120,000,000
Lien Position 1st
General Pricing or Guideline info The following description is a summary of a core lending program offered by Eastern Mortgage Capital. We encourage you to contact us today for specific information and for a more thorough explanation [] ACQUISITION: Lesser of 85.0% Loan-to-Value* or 85.0% Loan-to Acquisition-Cost* [] REFINANCE: Up to 85.0% Loan-to-Value* no cash-out allowed [] Up to 35- Year Amortization  [] Up to 35- Year Term (no balloon) [] No maximum loan amount  [] Low, fixed interest rate, based on market spreads over 10 Year Treasury Yield. [] Non-recourse [] Flexible and negotiable pre-payment terms, NEVER defeasance or yield maintenance [] 1.1765 Minimum Debt Service Coverage. More aggressive LTV and DSC available for non-profit sponsors [] This loan is always assumable  Moderate Rehab allowed
Updated as of 2023-09-24

The following description is a summary of a core lending program offered by Eastern Mortgage
Capital. We encourage you to contact us today for specific information and for a more thorough
explanation

[] ACQUISITION: Lesser of 85.0% Loans-to-Value* or 85.0%
Loans-to Acquisition-Cost*

[] REFINANCE: Up to 85.0% Loans-to-Value* no cash-out allowed

[] Up to 35- Year Amortization

[] Up to 35- Year Term (no balloon)

[] No maximum loan amount

[] Low, fixed interest rate, based on market spreads over 10 Year Treasury Yield.

[] Non-recourse

[] Flexible and negotiable pre-payment terms, NEVER defeasance or yield maintenance

[] 1.1765 Minimum Debt Service Coverage. More aggressive LTV and DSC available for non-profit sponsors

[] This loan is always assumable
 Moderate Rehab allowed

These descriptions are limited information and meant for general reference purposes.