Bridge Lending Program

Acquisition and Refinance of Seniors and Healthcare Properties

ELIGIBLE PROPERTIES

Skilled nursing, assisted living, memory care homes; stabilized and value-add permissible

INTEREST RATE

SOFR-based floating rate; determined by loan metrics

BORROWER

For-profit or not-for-profit domestic single-asset entity

GUARANTOR

Non-recourse subject to standard carve-outs

PERSONAL LIABILITY

Non-recourse and recourse options available

SECURITY

First mortgage and first-priority interest in all leases, rents, income, and profits, and all other personal property, accounts, escrows, and reserves

MAXIMUM LOAN

Up to 85% LTV

TERM & AMORTIZATION

Up to 36 months with extension options available; typically interest only for term of mortgage

ESCROWS

Immediate repair, replacement reserve, tax, and insurance escrows are typically required

ORIGINATION FEE

1.0% of original loan balance

EXIT FEE

Negotiable

EXTENSION FEE

Negotiable

THIRD PARTY REPORTS

Appraisal, Phase I, and PCNA are required; seismic report may be required

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