10/19/11

National Portfolio Provider Funding Skilled Nursing and Assisted Living Facilities up to 70% LTV George Smith Partners identified a national capital provider financing mini-perm and permanent debt for stabilized health care properties. This portfolio lender is funding skilled nursing, assisted living, and dialysis centers nationwide. Operating entities for owner/user as well as leased assets to investors will be underwritten to a 1.35 DCR on a 25 year amortization schedule, and 70% LTV. A three year operating history and a personal repayment guarantee are required for funding. Pricing starts at 5.50% for a five year fixed rate loan with flexible prepayments. Structures include three, five and seven year terms.