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

Eastern Mortgage Capital

Construction Loan
232 Healthcare New Construction/Substantial Rehab - LG254

Eastern Mortgage Capital

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

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