Construction Loans for:
Hospitals, Assisted Living Facilities & Memory Care and Medical Office Buildings
Construction loans for Hospitals, Assisted Living Facilities with Memory Care and Medical Office buildings are typically only available through lenders that force builders and developers of Assisted Living Facilities with Memory Care units into cumbersome HUD financing. We offer an alternative to HUD construction loans that can close in as little as 90 days versus the up to 24 month process with HUD.
Our channel funding partner provides access to a syndicated loan to fund construction of ALF and Memory Care units. While these loans require slightly higher equity investment from the sponsors, land and entitlement expenses can be counted towards the required down payment investment. Closing faster means opening sooner, in some cases being first to market and getting that first mover advantage! let us show you how these construction loans can have you up and running faster than the competition.
Construction Loan details
- 75% LTV (Loan to Value)
- 2 Year construction term that converts to 5 year mini-perm at CO
- 100+ Beds with 20% memory care minimum
- Current Feasibility Study from a National Firm
- Builder and Developer must be separate
- Rates range from 5.25% to 6.5%
- Reasonable deposit for 3rd party fees
- Must have track record and must be managed by a recognized operator
Contact us today to find out how we can help you break ground and start building in less than 60 days. Apply Online
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