 |
 |
| Apartment Loan Rates |
| Fixed |
Interest Rate |
Amort |
Max LTV |
| 5-yr |
3.43% - 3.67% |
30-yr |
80% |
| 7-yr |
3.86% - 4.10% |
30-yr |
80% |
| 10-yr |
4.00% - 4.24% |
30-yr |
80% |
| Fixed |
Interest Rate |
Amort |
Max LTV |
| ARM |
2.77% - 3.19% |
30-yr |
80% |
| 5-yr |
4.21% - 4.63% |
30-yr |
75% |
| 7-yr |
4.14% - 4.56% |
30-yr |
80% |
| 10-yr |
4.33% - 4.75% |
30-yr |
80% |
| 12-yr |
4.43% - 4.85% |
30-yr |
80% |
| 15-yr |
4.58% - 5.00% |
30-yr |
80% |
| 30-yr |
5.05% - 5.47% |
30-yr |
80% |
| Fixed |
Interest Rate |
Amort |
Max LTV |
| 3-yr |
3.70% - 3.95% |
30-yr |
75% |
| 5-yr |
3.75% - 4.00% |
30-yr |
75% |
| 7-yr |
4.25% - 4.45% |
30-yr |
75% |
| 10-yr |
4.65% - 4.85% |
30-yr |
75% |
| Fixed |
Interest Rate |
Amort |
Max LTV |
| 3-yr |
3.50% - 3.77% |
30-yr |
75% |
| 5-yr |
3.58% - 3.95% |
30-yr |
75% |
| 7-yr |
3.66% - 4.03% |
30-yr |
75% |
| 10-yr |
4.10% - 4.45% |
30-yr |
75% |
| 15-yr |
4.22% - 4.60% |
15-yr |
75% |
| Fixed |
Interest Rate |
Amort |
Max LTV |
| 5-yr |
3.91% - 4.48% |
30-yr |
75% |
| 7-yr |
4.44% - 4.94% |
30-yr |
75% |
| 10-yr |
4.88% - 5.32% |
30-yr |
75% |
| Fixed |
Interest Rate |
Amort |
Max LTV |
| 35-yr |
3.75% - 4.75% |
30-yr |
83% |
|
|
| California Apartment Loans |
 |
| One of the largest and most
diverse markets for multifamily housing, California
properties require more than just a "one size fits all"
approach to apartment financing. |
-
Multiple program options available
- DSCR as low as 1.15
- Interest only options
- Flexible prepay structures
|
|
|
|
| Multifamily Loan for Life™ |
 |
| With fixed
interest rates up to 30 years, Capital Assets, Inc's
Multifamily Loan for Life eliminates interest rate risk
preserving the integrity of your investment. |
-
Fixed rates up to 30 years
-
No balloon payments
-
No interest rate resets / adjustments
-
Non-recourse
|
|
|
|
| Best Program for You |
 |
| Which one of our apartment
building loan
programs is best for you? By providing some basic
information about yourself, your property and what type
of apartment financing you
are looking, we can help you
decide which one of our programs is best for you. |
|
|
|
|
|
| Multifamily Learning Center |
 |
|
|
|
|
|
 |
|
|
Home > » seniors-housing-loan-fn |
Apartment Loans for Senior
Housing Properties
|
Capital Assets,Inc
provides apartment loans for senior housing properties
through the following programs:
|
|
 |
 |
Fannie Mae Multifamily Seniors Housing Loan Program Overview
|
The Fannie Mae Seniors
Housing Loan program provides mortgages for existing,
stabilized, purpose built Seniors Housing properties
that provide Independent Living, Assisted Living,
Alzheimer?s/Dementia Care, or any combination or
standalone.
-
Prefer loan sizes above $2 million
- Up to 75% LTV
- Fixed rate terms up to 30 years
|
- Non-recourse
- Assumable
- Available for experienced operators
|
|
|
|
|
|
|
Fannie Mae Seniors Housing Multifamily Loan Program Guidelines
|
Eligible Properties |
- Independent Living, Assisted Living,
and Assisted Living with Alzheimer’s, in
any combination or standalone.
- Properties must be built to
specifically meet the housing needs of
seniors and must be fully equipped with
a sprinkler system.
|
Eligible Sponsors |
Sponsors and Operators with a minimum of
five years
experience in the seniors housing industry
and a minimum of
five stabilized properties. |
Eligible Locations |
All 50 states, Puerto Rico, U.S. Virgin
Islands, Guam. |
Loan Size |
$2,000,000 with no maximum. |
Fixed Rate Term |
Up to 30 years. |
Amortization |
30 years. |
Minimum DSCR |
Independent Living: 1.30.
Assisted
Living: 1.40.
Alzheimer’s: 1.45.
Independent Living and Alzheimer’s Mixed:
Weighted average of 1.30. and 1.45.
|
Maximum LTV |
75%. |
Interest Accrual |
Actual/360 or 30/360. |
Prepayment Penalty |
The greater of 1% or yield maintenance. |
Guarantee |
Non-recourse for most loans subject to
standard carve-outs. |
Assumable |
Yes, subject to lender approval. |
Impounds |
Tax and insurance required. |
Replacement Reserves |
Required. |
Third Party Reports |
Standard third-party reports including
Appraisal, Phase I Environmental Assessment
and a Physical Needs Assessment are
required. In addition, a Consultant?s Report
on Management and Operations is required for
all types of seniors housing properties, and
a Regulatory Compliance Report is required
for licensed seniors housing properties. |
|
 |
 |
|
|
|
|
|
Visit
Capital Assets,Inc’s home page to learn more about all of our
commercial mortgages for Seniors Housing properties
including, assisted living, Alzheimer’s and independent
living. |
|
|
