Independent Living _____ units Assisted Living _____ units _____ units Alzheimer’s Dementia Care _____ units Yes No Affordable Housing Property [DRAFTING NOTE: ONLY INDICATE YES IF THE MORTGAGE LOAN IS UNDERWRITTEN PURSUANT TO IIIB, CHAPTER 7 OF THE MSS GUIDE.] III. MORTGAGE LOAN INFORMATION __________ months Amortization Period [Typically zero (0), three hundred (300) or three hundred sixty (360) months] [Select only one:] Amortizing Amortization Type Full Term Interest Only Partial Interest Only _______________, 20___. Effective Date The first day of _________________, 20___. [For example: If the Effective Date is June 1, 2015, then the First Payment Date will be July 1, 2015. If the First Payment Date Effective Date is any day in June, 2015 other than June 1, 2015, then the First Payment date will be August 1, 2015.] [First Principal and Interest The first day of _________________, 20___. Payment Date] [Insert the calendar month and year immediately [APPLICABLE ONLY FOR following the Last Interest-Only Payment Date. For PARTIAL INTEREST ONLY example: If the Last Interest-Only Payment Date is June AMORTIZATION TYPE] 1, 2015, then the First Principal and Interest Payment Date is July 1, 2015.]
Independent Living _____ units Assisted Living _____ units Alzheimer’s _____ units Dementia Care _____ units Affordable Housing Property Yes No [DRAFTING NOTE: ONLY INDICATE YES IF THE MORTGAGE LOAN IS UNDERWRITTEN PURSUANT TO IIIB, CHAPTER 7 OF THE MSS GUIDE.] III. MORTGAGE LOAN INFORMATION Amortization Period __________ months [Typically zero (0), three hundred (300) or three hundred sixty (360) months] Amortization Type [Select only one:] Amortizing Full Term Interest Only Partial Interest Only Effective Date _______________, 20___. First Payment Date The first day of _________________, 20___. [For example: If the Effective Date is June 1, 2015, then the First Payment Date will be July 1, 2015. If the Effective Date is any day in June, 2015 other than June 1, 2015, then the First Payment date will be August 1, 2015.] [First Principal and Interest Payment Date] [APPLICABLE ONLY FOR PARTIAL INTEREST ONLY AMORTIZATION TYPE] The first day of _________________, 20___. [Insert the calendar month and year immediately following the Last Interest-Only Payment Date. For example: If the Last Interest-Only Payment Date is June 1, 2015, then the First Principal and Interest Payment Date is July 1, 2015.]
6102frsrs.docx