Do you need financing for your assisted living/ memory care or independent living project?
The Highlights of the Assisted Living follows:
- Financing is Non-Recourse
- Maximum Loan is 80% of the Project Cost
- Minimum Loan is $5M. No maximum loan amounts. We need a minimum of 20% Equity
- Minimum number of units in the property needs to be 60.
- Financing is tax exempt for investor buying the bonds
- Financing includes costs for FF & E, development fees, and other fees not normally approved by HUD financing
- Financing will include construction interest reserve and reserves for lease up period
- Term of Loan is 30 years
- Financing is targeted mainly for assisted living, independent living, and memory care facilities
Please contact Ike Njaka, (952) 249–9282 or email at email@example.com