Healthcare Facility Financing                               

We have creative financing programs for healthcare industry.

Whether your needs are for building, refinancing, or renovating healthcare facilities, we can provide the right loan structure for you.  We understand your business and know the difficulties that there are in getting financing for professional facilities such as:  

  • Assisted Living Home

  • Hospitals

  • Emergency Clinics

  • Nursing Homes

  • Medical Clinics

  • Medical Office Buildings

  • Entire Medical Complexes

  • Laboratory Facilities

  • Rehabilitation Facilities

The minimum requirements for funding a healthcare facility are:

  • The property must be located in the United States (except for Alaska & Hawaii).

  • The mortgage amount must be at least $3,000,000 (can be lesser amount  depending of property type).

  • The mortgage must be for a primary lien position.

  • The loan may have a  maximum of 85% LTV.

  •  If there is a second mortgage, there may only be a 80% CLTV.

The requirements for loan submission are as follows:    

Refinancing of Existing Facilities:

  • The verification of the original paid in equity provided at the initial acquisition date--no matter how old.

  • Income statement and budget reflecting a stabilized net operating profit with explanation as to how it was arrived.

  • Define any rehabilitation, updating, or repairs that are going to be done with the refinancing.

  • Outline any other liens, major liabilities, etc. that are going to be paid off with the refinance.

  • Personal financial statements of all principals owning more than 5% of the organization.

  • Two years tax returns for the organization and the principals owning more than 5% of the organization.

  • Two years income statements and balance sheet for the property, plus trailing period financials.

  • Resumes of all of the principals.

  • The amount of the present debt for all mortgages, both first and second mortgage.

  • Completed CFoA Loan Applications and Credit Authorizations.

  • Current rent roll if applicable.

New Acquisitions:

  • Brief executive summary detailing the basics of the acquisition.

  • Pro Forma Income statement and budget reflecting a stabilized net operating profit with explanation as to how it was arrived.

  • Define any rehabilitation, updating, or repairs that are going with the refinancing.

  • Two years tax returns for the organization and the principals owning more than 5% of the organization.

  • Two years income statements and balance sheet, plus trailing period financials.

  • Personal financial statements on principals owning more than 5% of the organization.

  • Resumes of the principals.

  • Completed CFoA Loan Applications and Credit Authorizations.

  • Current rent roll if applicable.

New Construction or Substantial Rehabilitation:

  • Brief executive summary explaining use and income source from the property and background of the organization to be the proposed real estate.

  • Two years tax returns for the organization and the principals owning more than 5% of the organization.

  • Two years income statements and balance sheet, plus trailing period financials.

  • Personal financial statements on principals owning more than 5% of the organization.

  • Resumes of the principals.

  • Pro Forma Net Operating Statement for three years.

  • Simple recap of Construction Costs.

  • Plans and Specifications for construction.

  • Completed CFoA Loan Applications and Credit Authorizations.

  • Most current rent roll if the loan is for acquisitions with substantial rehabilitation.

There are also CFoA credit and application forms that must accompany your submission, which we can email or fax to you upon request.

Loan terms and rates will vary depending upon local market conditions, appraisal,  loan product program, credit worthiness of borrower, pro forma and business plan, etc.

For more detail information on financing your healthcare facility, please call us  at 1-800-322-5985 to speak to a Client Services Agent, or use this link to our CONTACT US page.

Please click this link to revisit our HOME PAGE.