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MegaLoanFunding
11903 Middlebury Dr
Tampa, FL 33626
Tel:1-800-879-0284
Fax:813-435-2349
Email
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Assisted Living Facility loan products.
The
loan programs described in this website do not constitute any form of offer to
make a loan or to make a loan on any particular terms. If you are interested,
you must make a formal written loan application and provide all required
documentation. All information submitted by loan applicants is subject to
verification. All loan applicants must qualify under our underwriting
requirements and satisfy all contingencies of loan approval. Loan approval will
be subject to satisfactory appraisal, title review and no change in financial
condition. Some loan types may not available in all jurisdictions. The loan
programs on this website are subject to change without notice. Our loan programs
are for commercial business purpose only.
An up to 85% LTV purchase or refinance loan up to
$15M -
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Reference Number. |
ALF 061102 |
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Loan Type: |
Purchase or refinance loan. |
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Term: |
2,3,5,7 and 10 years. |
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Amortization: |
20 to
25 year fully amortized loan. |
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LTV: |
Up to
85% with SBA. Up to 75% conventionally. |
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Loan Purpose: |
Purchase and refinance. |
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Max. Loan: |
$250,000 to $15,000,000 |
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Interest Rates: |
Variable and fixed rate loans. |
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Doc
Type: |
Traditional |
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Area: |
Nationwide |
Up
to 80% LTV. Supplement financing available -
No
limit -
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Reference Number. |
ALF 061103 |
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Introduction: |
This
lender’s loans are available for properties that provide Independent
Living, Assisted Living with or without Alzheimer's care. Bond Credit
Enhancements available for non-profits and owners of affordable seniors
housing facilities.
The Program offers flexible
financing terms for single asset or multi-asset fee managed or leased
properties. Tax-exempt financing available through Bond Credit
Enhancements with both fixed and variable rate options.
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Loan Type: |
Fixed rate or variable rate
pricing with fixed terms from 5-25 years. |
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Term: |
5 to 25 year fixed. |
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LTV: |
75% to
80% for tax exempt bond
status. |
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Interest Rate: |
Fixed rate or variable rate pricing with fixed terms from 5-25 years |
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DSCR: |
1.35 to
1.45 |
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Amortization: |
25 years. |
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Loan Purpose:
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Purchase or refinance. |
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Max. Loan: |
$1,000,000 and up. |
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Doc Type: |
Traditional. |
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Experience: |
Minimum 5 years experience. |
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Area: |
Nationwide. |
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Seasoning: |
Independent living must be 90%
stabilized for 18 months prior to funding. 24 months required for
Alzheimer’s properties. |
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Prepayment penalty: |
Defeasance, yield maintenance or
graduated provision. |
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Supplemental fnancing: |
Available |
National Health Care Financing 85%-95%
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Reference Number. |
ALF
061104 |
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Loan Type: |
Refinance and new construction. |
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Amortization: |
35 years for refinances and 40
years for to-be-built. |
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LTV: |
85% for refinances and 90% for
to-be-built. Non-profit facilities qualify for 95% financing, or more,
if the land is already owned. |
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Interest Rate: |
Low fixed rate |
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Loan Purpose: |
Purchase
Debt and equity funding alternatives are available. |
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Maximum. Loan: |
$2,000,000 - $50,000,000. |
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Recourse: |
No personal guarantees. |
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Assumable |
The loan is assumable by the
purchaser if the property is sold.. |
Set up an appointment to discuss your loan requirements
Set up a telephone appointment
to talk to a processor who will prepare your loan application for you.
See our complete loan
process.
Our phone number is 1-800-879-0284
Our Email address is
Originator@MegaLoanFunding.com
Introduce
your self and receive updates on this site.
Get your
Unsecured Business Line Of Credit today.
Broker Co-Op Policy
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Loan Products.
Construction.
Office
Building
Multi Family.
Speed
Loans and Hard Money.
Retail.
Land
Development.
Automotive.
Assisted
Living Facility.
Golf Course.
Mixed Use.
Warehouse.
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