Independent Living beds (IL): Total: beds Loan to Mortgage % % Loan-to-value: transaction cost: $ Amount: % Term: years Interest rate: Principal & DSCR Market value interest: $ % $ per bed/unit*: (with MIP): (without MIP) Mortgage Underwritten amount per $ % $ market value: Cap rate: bed/unit*: *Use per bed for SNF, or facilities with multiple care types (e.g., SNF/ALF). Use per unit for ALF only. Mortgage Criteria: Sensitivity Analysis: Criterion A: Requested loan amount: $ A 1.0 debt service coverage is still realized if: Criterion C: Amount based on Average rental drops $ per replacement cost: $ Criterion D: Amount based month. on loan-to-value: $ Occupancy rate decreases %. Criterion E: Amount based on debt Operating expenses increase service coverage: $ % per year. Criterion F: Amount based on Annual net operating income (NOI) estimated cost of rehabilitation plus: decreases $ or %. Medicaid Rate could decrease by $ or %. Medicaid Census could decrease %. $ Criterion L: Amount based on deduction of grant(s), loan(s), LIHTCs, and gift(s) for mortgageable items: $ As-Is: As rehabilitated:
Independent Living (IL): beds Total: beds Mortgage Amount: $ Loan-to-value: % Loan to transaction cost: % Term: years Interest rate: % Principal & interest: (without MIP) $ DSCR (with MIP): % Market value per bed/unit*: $ Underwritten market value: $ Cap rate: % Mortgage amount per bed/unit*: $ *Use per bed for SNF, or facilities with multiple care types (e.g., SNF/ALF). Use per unit for ALF only. Mortgage Criteria: Sensitivity Analysis: Criterion A: Requested loan amount: $ A 1.0 debt service coverage is still realized if: Average rental drops $ per month. Occupancy rate decreases %. Operating expenses increase % per year. Annual net operating income (NOI) decreases $ or %. Medicaid Rate could decrease by $ or %. Medicaid Census could decrease %. Criterion C: Amount based on replacement cost: $ Criterion D: Amount based on loan-to-value: $ Criterion E: Amount based on debt service coverage: $ Criterion F: Amount based on estimated cost of rehabilitation plus: $ Criterion L: Amount based on deduction of grant(s), loan(s), LIHTCs, and gift(s) for mortgageable items: $ As-Is: As rehabilitated:
9007_orcf-Redline.docx