Senior Housing / Healthcare Lending Programs
CAMBRIDGE REALTY CAPITAL, LLC & CAMBRIDGE REALTY CAPITAL LTD. OF ILLINOIS
Senior Housing / Healthcare Lending Programs
Construction, Acquisition, Rehabilitation, Refinance
LOAN AMOUNT: $1,500,000 or greater
PROPERTY TYPES:
Long Term Care
· Nursing Homes - Skilled and Intermediate Care
· Assisted Living Facilities
· Congregate Care Retirement Apartments
· Board and Care Facilities
Behavioral Modification/Acute Care
· Acute Care Hospital
· Alcohol & Drug Rehab Center
· Psychiatric Hospital
· Other Special Purpose Facility
GEOGRAPHIC PREFERENCE: Nationwide
CURRENT RATES: 7.75% to 12.50% (subject to market & lending programs)
LOAN TERMS/ AMORTIZATION: 7 years to 40 years.
TYPES OF LOANS AND LOAN PROGRAMS:
Types
· New Construction
· Refinance
· Refinance with Rehabilitation
· Refinance with Expansion
· Acquisition with Rehabilitation
· Exercise Purchase Option/Acquisition
· Straight Acquisition
Programs
· FHA/HUD
· Fannie Mae / Freddie Mac
· Conventional First Mortgage
· Sale/Leaseback
· Acquisitions/Equity
· Bridge Loans
HIGHLIGHTS:
· Low, fixed rate construction and permanent loans arranged simultaneously.
· 65% – 80% loan-to-value on all conventional programs.
· Permanent rate is locked prior to Construction Loan closing on FHA programs.
· 85% loan-to-value or purchase price for existing refinancing under FHA programs. (No rehab required.)
· 90% loan-to-cost and 90% loan-to-value for new construction and acquisition/rehabilitation on FHA programs, up to 100% for rehab / expansion of existing owned property.
· Multi-facility below market portfolio financing.
· Available with no personal liability.
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
Email: info@cambridgecap.com
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.