REQUIREMENTS TO PROVIDE A 232 PURSUANT TO 223(f)
LOAN ANALYSIS FOR THE
ACQUISITION
OR REFINANCE OF EXISTING
NURSING HOME & 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.
- Annual
operating statements for each of the past 3 years, and
year to date.
- 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.
- Proposed
list and cost estimate of major movable equipment to
be replaced.
- Resume
on proposed sponsor and management agent.
- Market
study or appraisal (if available).
- Survey,
site plan, or architectural drawings (if available).
- Copy
of Certificate-Of-Need and/or Nursing Home License
(if applicable).
- Lease
or Management Agreement (if applicable).
- Project
bed mix including unit sizes, number of bedrooms, number
of bathrooms,
and bed rates.
- Operating
expenses (detailed).
- List
of any proposed ancillary income detailing the source
and anticipated monthly revenue.
- Current
census.
- Occupancy
history for most recent year and each
of the last
six months.
- List
of project amenities and what is included
in bed rates versus
what
is paid
for by tenants.
- Most
recent Department of Health Inspection report, if
applicable.
232
Pursuant to 223(f) Loan Summary |
