Senior Housing / Healthcare Lending HUD 232 Loan
CAMBRIDGE REALTY CAPITAL, LLC & CAMBRIDGE REALTY CAPITAL LTD. OF ILLINOIS
Senior Housing / Healthcare Lending HUD 232 Loan
Construction, Acquisition, Rehabilitation, Refinance
LOAN AMOUNT: $1,500,000 or greater
PROPERTY TYPES:
- Nursing Homes - Skilled and Intermediate Care
- Alcohol & Drug Treatment Centers
- Assisted Living Facilities
- Psychiatric Hospitals
- Board and Care Facilities
- Juvenile Behavioral Facilities
- Personal Care Homes
- Behavioral Modification Centers
GEOGRAPHIC PREFERENCE: Nationwide
CURRENT RATES: 8.0% to 8.25% (based upon current market rates)
TERM AND AMORTIZATION:
Refinance: 35 years
New Construction or Rehabilitation: 40 years
TYPES OF LOANS:
- Refinance without Rehabilitation
- New Construction
- Refinance with Rehabilitation
- Refinance with Expansion
- Acquisition with Rehabilitation
- Refinance existing FHA 232 Loan
HIGHLIGHTS:
- 85% loan-to-value for straight refinance without rehabilitation. (90% for not-for-profit)
- 90% loan-to-cost and 90% loan-to-value for new construction and acquisition/rehabilitation. (95% for not-for-profit)
- Low, fixed rate construction and permanent loans arranged simultaneously.
- Accounts Receivable Financing Permitted
- Permanent rate is locked prior to Construction Loan closing.
- Up to 100% loan-to-cost for refinancing/rehabilitation.
- No personal liability.
- Fully assumable.
FOR FURTHER DETAILS CONTACT:
Financing Information Group
CAMBRIDGE REALTY CAPITAL COMPANIES
35 East Wacker Drive, 33rd Floor
Chicago, Illinois 60601
Telephone 312-357-1601 – Fax 312-357-1611
E-Mail: info@cambridgecap.com
Web Site: http://www.cambridgecap.com
Disclaimer: This Cambridge information piece has been prepared to provide summary information to prospective borrowers, and to establish a preliminary level of interest in the financing structure. It does not, however, purport to present all material information regarding a specific financing, and is not a substitute for a thorough review of a financing application outlining all terms and conditions and corresponding documentation. In particular, neither Cambridge Realty Capital Companies nor Cambridge Realty Capital, LLC nor Cambridge Realty Capital Ltd. of Illinois make any warranty or representation whether or not the information presented will be applicable for the readers' specific situation and the accuracy or completeness of the information provided.
Cambridge Realty Capital, Ltd., 35 E. Wacker Dr., 33rd Fl., Chicago, IL 60601. Tel: 312-357-1601; Fax: 312-357-1611.