Details.
Mortgage financing to refinance or purchase licensed skilled nursing and rehabilitation, assisted living, memory care, intermediate care, and board and care facilities with limited independent living units. Moderate facility improvements and repairs may be included. Available to for-profit and non-profit single asset, single purpose entities. Fully non-recourse, with fixed rates determined by market conditions at rate lock, 35-year amortisation or 75% of the property's remaining useful life, and FHA approval required for assumption.