Columbia National Real Estate Finance provides conventional, and FHA commercial lending, nationwide, on loan requests for Assisted Living Facilities, Skilled Nursing Homes, Congregate Care lnstitutions or any combination of these, such as Continuing Care Retirement Communities (CCRCs).
Columbia National will work with you to provide financing on all types of senior housing facilities/properties, for purposes of construction, purchase, or refinance—up to 95% for non-profit organizations. Assisted Living facilities must provide proper room, board, and continuous protective oversight to qualify.
Please review our Senior Housing Loan and Healthcare Real Estate loan financing options below:
| Location: | Nationwide |
| Type: | We provide financing for acquisitions, refinances, and new construction of assisted living facilities, skilled nursing, 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: | Negotiable |
| Recourse: | Usually not required |
| Collateral: | Healthcarereal property financing, Assisted Living facility real estate mortgage loans, Skilled Nursing real estate mortgage loans, Congregate Care real estate mortgage loans, and AcuteCareHospital real estate mortgage loans. |
| Assumability: | Healthcare loans assumable, subject to lender approval |