Healthcare Commercial Property Loans 

Private Healthcare Facilities Provide Essential Medical Services to Millions of Americans, And when they Need to Expand, Commercial Real Estate loans is here to help 

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Private healthcare facilities fill an essential gap in the American medical system-- often helping to serve patients whose needs are too great for a private medical practice, but not sufficient to require hospitalization. So, whether you're a small surgical clinic looking to refinance your property, or a large outpatient center looking to acquire a new building, at Commercial Real Estate Loans, Inc., we have the know-how to help you get the financing you need. 

Healthcare Commercial Property Loan Terms 

While specific loan terms can vary based on the individual customer, in general, our healthcare facility loan terms include: 

  • Loan Size: $500,000+
  • Loan Purpose: Loan can be used for property acquisition or refinancing (no business only-financing allowed) 
  • Loan Term: 3, 5, 7 and 10 fixed-rate terms 
  • Amortization: 15, 20, 25 and 30 year options 
  • Leverage:  80% LTV allowance (subordinate debt allowed) 
  • DSCR: 1.30 minimum DSCR
  • Credit Score Requirement: 660 minimum 

SBA Loans For Healthcare Facilities 

For many healthcare facility owners and operators, an SBA 7a loan can be a great choice. Unlike traditional healthcare facility financing, SBA 7a loans and their financial sibling, SBA 504 loans, can be used to finance equipment and working capital, not just real estate. SBA loans, however, do have relatively strict credit and debt requirements, so it's important to keep that in mind before applying for this type of financing. The basic terms for SBA 7a financing include: 

  • Loan Size: $30,000 - $5 million (some exceptions for smaller loans may be granted) 
  • Loan Purpose: Loan can be used for financing commercial real estate, equipment, and working capital 
  • Loan Term: 
    • Real Estate: Up to 25 years
    • Equipment: Up to 10 years
    • Working Capital: Up to 10 years 
  • Credit Score Requirement: 660 minimum 
  • Collateral: Additional collateral is often required 
  • Documentation: Documentation for SBA 7a loans for healthcare facilities is extensive, and includes: 
    • Year-to-date balance sheet
    • Business tax returns (for the last 2 years) 
    • Business licenses 
    • Personal tax returns and resumes for 20%+ owners 
    • Projected financial statements (1-3 years) 

GET A FREE Healthcare PROPERTY LOAN QUOTE Today

For healthcare property loans from $500,000 and up, click the button below and fill out a short, secure form for a fast, easy, and free commercial loan quote from a commercial mortgage banker. You may also email us any time at loans@cre.capital