For FHA LEAN Financing go to www.kendallrealtyadvisors.com
__Summary of Underwriting Benchmark LTV’s and DSCR’s ___________
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.