FHA 223(f) Apartment Refinance

FHA 223(f) Apartment Refinance
312 Florence Ave. Evanston, IL

Sunday, February 8, 2009

Assisted Living Revised Guidelines:

New 232 Lean Recommended Guidelines 1.45 to 1 DSC 75% LTV Assisted Living Centers

No Changes yet nursing home and independent living underwriting.

New cap rate formula for appraisers.

Ex. Typical loan constant using current rates (6% to 7%) plus MIP X 1.25. Results in minimum appraisal cap rate of 9% plus.

No comments:

Post a Comment