Forward Commitments

Forward Commitments    

Our real estate team has the solution to tide you through the ebbs and flows of your business cycles. Forward commitments offer the benefit of securing permanent financing and minimizing interest rate risks during construction periods. GE Healthcare Financial Services has a track record of forward commitment transactions delivered on time, as promised.



Deal type

Lease-up and stabilized

Loan size

$2-250 million

Forward commitment

Up to 24 months

Early rate lock

Up to 24 months with deposit

Funding criteria

  • Shell building completion

  • Anchor tenant rent comencement

  • Lien-free completion

Pricing

Floating or fixed; priced over applicable LIBOR or U.S. treasury

Leverage

Up to 85% LTV

Loan term

Up to 15 years

Asset types

Senior housing:

  • Senior apartments, independent living, congregate care, assisted living, CCRC and Dementia care facilities

Skilled nursing:

  • Medicare and medicaid nursing homes

Medical properties:

  • Inpatient facilities - acute care hospitals, rehabilitation hospitals, specialty hospitals, long-term acute care hospitals

  • Outpatient facilities - ambulatory surgery, physician groups, diagnostic imaging, oncology, dialysis, rehab

Location

Nationwide in markets with population greater than 100,000

Recourse

Loan non-recourse available; lease guarantees preferred

Amortization

Up to 30 years; interest only available