Criterion D: Amount based Average rental drops $ per 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 %. $ Criterion L: Amount based on deduction of grant(s), loan(s), LIHTCs, and gift(s) for mortgageable items: $ As rehabilitated: Gross income: $ UW occupancy rate: % Effective gross income: $ Expenses & repl. res.: $ Expense ratio: % Net operating income: $ Expense per bed/unit*: $ Total project cost: $ Total project cost per bed/unit*: $ *Use per bed for SNF, or facilities with multiple care types (e.g., SNF/ALF). Use per unit for ALF only. Absorption rate Operating deficit: $ (# beds per month): Number of months to cover shortfall: Break-even occupancy: % $ Borrower’s working capital: Special escrows (describe below): $ Minor movables: $ <<describe special escrows here>> Major movable Major movable equipment budget: $ amount per bed: $ Construction contract: $ Offsites $ Demolition $ $ Total construction costs: As reported on HUD-2328, Line 53 plus Offsites and Demolition Costs Construction contingency: $ Relocation escrow: $ Construction period: # of months: $ Architectural contract: Multiple AIA Agreements Operating Year Revenues SWB FTE’s Operations Base year $ $ – Operations Post construction $ $ –
Average rental drops $ per month. Occupancy rate decreases %. Operating expenses increase % per year. Annual net operating income (NOI) decreases $ or %. 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 rehabilitated: Gross income: $ UW occupancy rate: % Effective gross income: $ Expenses & repl. res.: $ Expense ratio: % Net operating income: $ Expense per bed/unit*: $ Total project cost: $ Total project cost per bed/unit*: $ *Use per bed for SNF, or facilities with multiple care types (e.g., SNF/ALF). Use per unit for ALF only. Operating deficit: $ Absorption rate (# beds per month): Number of months to cover shortfall: Break-even occupancy: % Borrower’s working capital: $ Special escrows (describe below): $ Minor movables: $ <<describe special escrows here>> Major movable equipment budget: $ Major movable amount per bed: $ Construction contract: $ Offsites $ Demolition $ Total construction costs: As reported on HUD-2328, Line 53 plus Offsites and Demolition Costs $ Construction contingency: $ Relocation escrow: $ Construction period: # of months: Architectural contract: $ Multiple AIA Agreements Year FTE’s Operating Revenues SWB Operations – Base year $ $ Operations – Post construction $ $
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