• Competitive interest rates

  • Most loans are non-recourse

  • Flexible prepayment options

  • Supplemental financing is allowed

  • 30- 90 day rate locks available (early and extended rate locks are also available-- early rate locks allow borrowers to lock the rate between 45 and 365 days before closing)


  • Requires third-party reports including an Appraisal, Property Condition Assessment, Zoning, Termite, Flood and Seismic reports (for properties in specific areas), a Phase I Environmental Assessment, and a Seniors Housing Liability Assessment Report

  • Replacement reserves are required ($300/unit per year)

  • Typically requires 90% economic occupancy for 12 months (for independent living facilities) or 15 months (for Alzheimer's/Dementia care or Skilled Nursing properties), though this may vary

  • Typically requires $15,000 application deposit and $3,000 non-refundable processing fee

  • Typically requires a 1% origination fee

  • A 2% rate lock fee is required (refundable at closing)

  • Commitment fees may also be charged