REQUIREMENTS
TO PROVIDE A 232 LOAN ANALYSIS FOR NEW CONSTRUCTION OR SUBSTANTIAL
RENOVATION OF
NURSING HOMES & ASSISTED LIVING FACILITIES
If you provide AMERICAN MORTGAGE with the
following preliminary information, we will be pleased to
provide you with a mortgage proposal which will outline the
level, terms, and conditions of the financing we can arrange
for you:
- Project
description.
- Site
location map.
- Current
and/or anticipated daily rates and patient mix.
- Annual
operating statement for past 3 years and year to date
(as applicable).
- If
refinance, summary of existing debt and copy of mortgage(s)
and note(s).
- If
acquisition; copy of option or purchase contract.
- Construction
budget (or) list of proposed repairs and cost estimate.
- Resume
on proposed sponsor, management agent, and architect
and contractor (if
selected.).
- Market
study or appraisal (if available).
- Survey,
site plan, or architectural drawings (if completed).
- Copy
of Certificate-Of-Need and/or Nursing Home License
(if applicable).
- Lease
or Management Agreement (if applicable).
- Post
Construction bed mix including unit sizes, number
of bedrooms,
number of bathrooms,
and proposed
bed rates.
- Post
Construction operating expenses (detailed).
- List
of any proposed ancillary income detailing the source
and anticipated monthly
revenue.
- Current
census. (Rehab projects)
- Occupancy
history for most recent year
and each
of the
last six months.
(Rehab
projects)
- Most
recent Department of Health Inspection
report, if
applicable.
(Rehab projects)
232
Loan Summary |
