Student Housing

Non-Recourse, fixed and adjustable rate financing for the acquisition or refinance of stabilized Student Housing.

Multi Family Properties

Market Rate Housing, Moderate Income Housing, Subsidized Housing, Student Housing, Assisted Living And Skilled Nursing Facilities, Intermediate Care And Board And Care Facilities.

Refinancing Of Healthcare

Skilled nursing, assisted living, intermediate care, and board and care facilities, or any combination are eligible, including an up to 25% non-licensed independent living component.

Construction and/or Acquisitions

purpose

Federal Financing Programs

All Multifamily Properties

		Market Rate Housing			Subsidized Housing
		Moderate Income Housing			Student Housing
		Assisted Living and Skilled Nursing Facilities
		Intermediate Care and board and Care Facilities

Exceptional Terms

Non-recourse

No personal liability

Low Interest Rate / Fully Amortized

		Low fixed rate
		No balloon payments
		Fully amortized over 35 years

Loan to value (LTV) is the lesser of

		85% of appraised value (80% if cash out refinance)
		85% of acquisition price plus transaction costs and repairs
		100% of outstanding debt plus transaction costs and repair

Low Debt Service Coverage Ration (DSCR)

Net income divided by debt greater than or equal to 1.17

Assumable

Future purchasers can assume mortgage without penalty

Accelerated Processing

		Multifamily Accelerated Processing (MAP)
		HUD review time is up to 60 days
		Application to HUD typically submitted 45 to 60 days from engagement

Financing Options

Owners

		Cash Out Refinancing
		Rate and Term Refinancing
		Rehabilitation Refinancing

Purchasers

		Acquisition Financing
		Construction Financing

Available Programs