Loan to Mortgage % % Loan-to-value: transaction cost: $ Amount: % Term: years Interest rate: Principal & DSCR Market value interest: $ % $ per bed/unit*: (without MIP) (with 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 month. replacement cost: $ Criterion D: Amount based Occupancy rate decreases %. on loan-to-value: $ Operating expenses increase % Criterion E: Amount based on debt per year. service coverage: $ Annual net operating income (NOI) Criterion F: Amount based on decreases $ or %. estimated cost of rehabilitation plus: Medicaid Rate decreases by $ or %. Medicaid Census drops by %. $ Criterion L: Amount based on deduction of grant(s), loan(s), LIHTCs, and gift(s) for mortgageable items: $ As-Is: UW Gross income: $ UW occupancy rate: % UW Effective gross $ income: UW Expenses & repl. $ UW Expense ratio: res.: % UW Net operating $ UW Expense per bed/unit*: income: $ As-Rehabilitated: UW Gross income: $ UW occupancy rate: % UW Effective gross $ income: UW Expenses & repl. $ UW Expense ratio: res.: % UW Net operating $ UW Expense per bed/unit*: $
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 decreases by $ or %. Medicaid Census drops by %. 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: UW Gross income: $ UW occupancy rate: % UW Effective gross income: $ UW Expenses & repl. res.: $ UW Expense ratio: % UW Net operating income: $ UW Expense per bed/unit*: $ As-Rehabilitated: UW Gross income: $ UW occupancy rate: % UW Effective gross income: $ UW Expenses & repl. res.: $ UW Expense ratio: % UW Net operating $ UW Expense per bed/unit*: $
9006_orcf-Clean.docx