This Loan Program maximizes your investment capitol, with as high as 90 % loan to construction costs, then roles into a 40 year fixed fully assumable non recourse loan.The profitability of the completed project will be calculated using a 1.1 debt service coverage ratio. Interest rates are currently 6.25% and that is made possible using a government insured program that’s purpose is to create quality assisted living facilities providing nursing and medical services for the elderly.
Weather you intention is to build New Construction or Renovate an existing building the loan can be funded up to 90% , 95% for non profit organizations, Once the construction faze is completed the loan roles into a 40 year fixed, non recourse, fully assumable loan.