FHA 232 LEAN LTV DSC LTC TABLE

For FHA LEAN Financing go to www.kendallrealtyadvisors.com


__Summary of Underwriting Benchmark LTV’s and DSCR’s ___________

Type of Unit

New/Existing Units

Mortgagor Type

Max. LTV*

Min. DSCR*

SNF/ILU

Both

For Profit

80%

1.45

SNF/ILU

Both

Non-Profit **

85%

1.45

ALF

New

For Profit

75%

1.45

ALF

New

Non-Profit **

80%

1.45

ALF

Existing

For Profit

80%

1.45

ALF

Existing

Non-Profit **

85%

1.45


SNF = Skilled Nursing Facility

ILU = Independent Living Unit

ALF = Assisted Living Facility

 

*  Maximum loan to values and minimum debt service coverage ratios are set by the Section 232 Statute and Regulations.  Any submittal above the LTV’s listed in this Email Blast or below the DSCR’s listed in this Email Blast will require justification/mitigation as discussed in the July 24, 2009 and November 20, 2009 Email Blasts.

 

            ** To qualify for the higher Non-Profit benchmarks, the owner/operator must demonstrate a successful operating track record,
            significant project operating and management experience, an a solid financial track record.
Subpages (1): FHA LEAN Soft Markets
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