Rockport is dedicated to assisting skilled nursing, assisted living and healthcare facilities in carrying out their mission to provide quality services to their tenants. Working across the full spectrum of senior housing and healthcare, we pride ourselves in our extensive knowledge of the industry, understanding the challenges both profit and nonprofit owners and operators face in the ever-changing regulatory and real estate environments. Through the development of well-structured financing solutions, Rockport is committed to assisting owners in sourcing the capital necessary to finance the construction, renovation, acquisition, or refinancing of their facilities. Utilizing the LEAN underwriting procedures, Rockport has the ability to deliver healthcare financing strategies to clients across the nation with a proficiency recognized throughout the industry.
Rockport specializes in the senior living and healthcare, FHA-insured financing programs:
232 – New Construction and Rehabilitation Financing – LEAN processing
Providing non-recourse, assumable financing for the new construction or substantial rehabilitation of Assisted Living, Memory Care and Skilled Nursing Facilities. Profit motivated, nonprofit motivated and public owners are eligible.
232/223(f) – Refinance and Acquisition Financing – LEAN processing
Providing non-recourse, assumable financing for the purchase or refinance of existing Assisted Living, Memory Care and Nursing Home facilities at least three years old. Profit motivated, nonprofit motivated and public owners are eligible
223(a)(7) – Refinance of an existing HUD-insured loan – LEAN processing
This expedited program allows borrowers with an existing FHA-insured mortgage to refinance to a lower interest rate. The program allows for limited term extensions and provides funding for repairs and additional deposits to replacement reserves. The program is available to market-rate and affordable properties
241 – Addition & Renovation Financing- LEAN processing
Providing mortgage insurance for a supplemental loan for the purposes of improvement or additions to a multifamily project, a nursing home, an intermediate care facility or a group practice facility covered by an FHA-insured loan, without the need for refinancing the existing loan. Profit, nonprofit motivated and public owners are eligible.
242 – Hospital Financing – LEAN processing
Providing non-recourse, assumable financing for the new construction or substantial rehabilitation of existing acute care hospital facilities. The program is available to nonprofit or proprietary hospitals and all hospital related facilities where more than 50% of revenues and adjusted patient days are attributable to acute care services (provision is waived for Critical Access Hospitals).