Commercial Building Financing For HealthCare Practices!

Medical Professionals - Nationwide Financing

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The Loan Program:

Medical Building Financing Property Type:

HealthCare professional properties including both condo and independent facilities.

Loan Limits:
Loan Amounts Starting at $250,000 and the loan-to-value ratio may not exceed 90%. The minimum debt service coverage ratio must be at least 1.20.

Occupancy Requirements:
For underwriting purposes the building must be occuppied 51% with the medical practice professional.

Underwriting Assumptions:
Operating cash flow (with primary reliance on medical practice cashflow for 36 months results) will generally be adjusted for underwriting purposes.

Borrowing Entity:
Generally, a single purpose entity is required.

Loan Term:
20 years with amortization based on 20 years.

Rates:
Interest rates are adjusted quarterly based on Prime Rate.

Fees:
The borrower is responsible for all closing costs and required reports (appraisals, engineering and environmental reports, surveys, etc.).

Guarantees:
The loans are generally recourse to borrower.

Assumable:
No.

Reserves: Tax and insurance reserves are required. Also, a capital reserve escrow will be established and funded monthly based on a rate of not less than 1/12 of 5% of gross annual revenues.

Prepayment:
Prepayment is customarily permitted after 5 years. Special prepayment terms may be available where required.