Terms and Conditions Describe the borrowing base formula (e.g., XX% of the AR borrowers accounts receivable up to 120 days): Describe term and renewal options: Describe the rate applied to the used and unused portion of the AR loan: Other fees (i.e., financing fees, late payment fees, etc.): Mechanisms for operator receipts, disbursements and control of operator funds: <<Describe the flow of all funds, into and out of accounts (i.e., point of origination to final destination). Describe how deposit accounts are controlled (e.g., number of controlled accounts, hard or springing lockbox, daily sweeps, etc.). Attach cash flow chart.>> Collateral/Security <Provide narrative description of the AR collateral/security. Explain any unsecured lender’s AR financing.>> Permitted Uses and Payment Priorities <<Provide descriptions of the permitted uses of the AR loan funds in order of priority. For example: (1) debt service incurred in connection with the AR loan; (2) operating costs; and (3) distributions to the shareholders. >> operator’s Financial Analysis Borrowing Base Analysis (Double click inside the Excel Table to add information) Historical AR Loan Costs <<If there is an existing AR loan that is not yet approved by HUD, provide a financial analysis that explains how the cost of the AR loan has been factored into the NOI calculation. Complete the Historical AR Loan Costs table.>>
Terms and Conditions Describe the borrowing base formula (e.g., XX% of the AR borrowers accounts receivable up to 120 days): Describe term and renewal options: Describe the rate applied to the used and unused portion of the AR loan: Other fees (i.e., financing fees, late payment fees, etc.): Mechanisms for operator receipts, disbursements and control of operator funds: <<Describe the flow of all funds, into and out of accounts (i.e., point of origination to final destination). Describe how deposit accounts are controlled (e.g., number of controlled accounts, hard or springing lockbox, daily sweeps, etc.). Attach cash flow chart.>> Collateral/Security <Provide narrative description of the AR lender’s collateral/security. Explain any unsecured AR financing.>> Permitted Uses and Payment Priorities <<Provide descriptions of the permitted uses of the AR loan funds in order of priority. For example: (1) debt service incurred in connection with the AR loan; (2) operating costs; and (3) distributions to the operator’s shareholders. >> Financial Analysis Borrowing Base Analysis (Double click inside the Excel Table to add information) Historical AR Loan Costs <<If there is an existing AR loan that is not yet approved by HUD, provide a financial analysis that explains how the cost of the AR loan has been factored into the NOI calculation. Complete the Historical AR Loan Costs table.>>
9007_orcf-Clean.docx