(513) 621-1031 info@NetLeaseX.com
  1. Home
  2.  » 
  3. Property Financing
  4.  » 
  5. Senior Housing
  6.  » Loan Underwriting Guidelines

Senior Housing – Loan Underwriting Guidelines

Please incorporate the below minimum guidelines when you prepare and submit your proforma for underwriting approval:

 Rental Income:Current rent roll annualized with vacancy at market rents
(+)Other Income:Must be supported by historical collections
(-)Vacancy:Equal to the greater of the actual vacancy plus 1% credit loss
(-)Management Fee:Equal to the greater of the actual management fee of 5%
Operating ExpensesShould be supported by previous two (2) years and current year-to-date expenses.
(-)Capital Reserves:Typically $2.50 per bed minimum depending upon property age and condition
 Equals:Net operating income