Assisted Care/Senior Housing: Carteret provides financing all over the United States on loan requests for assisted living facility loans, senior housing, skilled nursing loans, congregate care loans, Independent Living properties and acute care hospital loans. Proposed new construction loans or substantial rehabilitation loans of skilled nursing, assisted living and other specialty care facilities.
Our Senior Housing program serves the needs of the growing elderly population by providing commercial financing solutions for the rental community properties.
Type: We provide financing for acquisitions, refinances, and new construction of assisted living facilities, skilled nursing, senior housing, congregate care and hospitals.
Loan Options: Fixed and Adjustable loans available for new Construction or Substantial Rehabilitation.
Interest Rates: Fixed rate and adjustable rate loans are determined by market rates at time of interest rate lock.
Amortization: 20, 25, 30, 35, 40 Years
FHA construction loans convert into a 40-year, fully amortizing loan
Term: 10, 20, 25, 30, 35, 40 Years
Loan-to-Value: Health care finance – 70-90% LTV.
Debt Service: DSCR on healthcare properties is as low as 1.11%
Prepayment: Yes, negotiable
Recourse: Usually not required
Collateral: Healthcare real property financing Assisted living facility real estate mortgage loans, senior housing real estate mortgage loans, congregate care real estate mortgage loans and acute care hospital real estate mortgage loans.