Dean Hitchings's Blog – January 2014 Archive (2)

Funding for Multi Unit Properties, Assisted Living Facilities, and Nursing Homes

Ascendant Financial Group is pleased to offer a very attractive funding program for the purchase, refinance, construction, and substantial rehabilitation of Multi Unit Properties, Asisted Living Facilities, and Nursing Homes.

Here are the details of the program:

*Non-recourse funding

*Loan amounts $2 Million minimum with no limit

*35 year fixed rate - No adjustments or balloon payments

*Interest rate - 5.25%

*Loan to value - 83%

*Minimum DSCR…

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Added by Dean Hitchings on January 31, 2014 at 10:31am — No Comments

RESIDENTIAL PORTFOLIO BLANKET LOANS

Ascendant Financial Group offers a blanket funding for the purchase and refinance of residential real estate portfolios.

*5+ properties minimum

*Loan Amounts - $1,000,000 - $100,000,000

*Loan to Value - 70% - 75%

*Loan Terms - Rates 6.5% - 7%; 5 & 10 year fixed rates' Amortization 25-30 years

*Debt Service Required - 1.20%

*Asset Types - Portfolios of 1- 4 family rental properties and condos

*Security Type - Cross collateralized and cross…

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Added by Dean Hitchings on January 18, 2014 at 12:17pm — No Comments

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