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Updated over 1 year ago,
Highly qualified MD seeking $640,000 in down payment financing for an Assisted Living
I am working with a person who is a medical doctor. She is interested in an 18-bed, $4.2M assisted living facility I have for sale.
We are hoping to get a HUD/FHA 232 loan because it allows a 35 year term for assisted living acquisitions, which of course drives down the debt service.
She has $200,000 liquid, but needs $840,000 (20%) for this loan program.
If you're interested, propose your terms and let's talk!
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