Commerical Loan Details


Date: July 24, 2014
Title: $2.75MM Assisted Living Facility Acquisition
Practice Type: Assisted Living Facility
Loan Terms: $2.75MM ALF ACQUISITION, 6.0% (PRIME + 2.75), 25-YEAR TERM

Scenario: Scenario: Two Partners were looking to purchase an Assisted Living Facility. One of the partners would manage the facility. They contacted 1st Commercial Lending after finding us online.

These two partners had a great opportunity to purchase a very successful facility with 68 beds and an occupancy rate of over 90%. The one issue was that the two story building needed a new roof. 1st Commercial Lending was able to structure a loan that included enough capital to cover the estimates that the seller had on the roof.

SBA 7(a) Assisted Living Facility Financing Structured with additional capital for the repair of the roof.

Loan Proposal Issued: 7/24/2014

   

 


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