Construction Loan
232 Healthcare New Construction/Substantial Rehab
Program #LG254
232 Healthcare New Construction/Substantial Rehab
Program #LG254
Summary of all Guidelines | |
| Loan Types | Construction 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 |
| Terms | 40 year |
| 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 [] Construction/Perm Loan with no re-trading of interest rate at permanent loan conversion [] 40- Year Amortization [] 40- Year Term (no balloon) [] No maximum loan amount [] Low, fixed interest rate, based on market spreads over 10 Year Treasury Yield. [] Non-recourse with no completion guaranties [] Flexible and negotiable pre-payment terms, NEVER defeasance or yield maintenance [] 1.11 Minimum Debt Service Coverage. More aggressive LTC and DSC available for non-profit sponsors [] This loan is always assumable |
| 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
[] Construction/Perm Loans with no re-trading of interest rate
at permanent loan conversion
[] 40- Year Amortization
[] 40- Year Term (no balloon)
[] No maximum loan amount
[] Low, fixed interest rate, based on market spreads over 10
Year Treasury Yield.
[] Non-recourse with no completion guaranties
[] Flexible and negotiable pre-payment terms, NEVER defeasance or yield maintenance
[] 1.11 Minimum Debt Service Coverage. More aggressive LTC and DSC available for non-profit sponsors
[] This loan is always assumable
- Peter Tousignant
