Property Types

Gershman specializes in providing all types of financing for apartments, nursing homes, assisted living facilities, and hospitals.

Multifamily

Apartments

New Construction and Substantial Rehabilitation
Gershman Mortgage offers loans for the new construction and substantial rehabilitation of multifamily rental or cooperative housing for market-rate, low-to moderate-income families and the elderly. Projects are eligible for HUD-insured financing under MAP (Multifamily Accelerated Processing). Available for both profit-motivated and not-for-profit projects.

Acquisition and Refinancing
Gershman Mortgage refinances existing multifamily rental housing. Projects originally financed with conventional or FHA insured mortgages are eligible for up to 35 years fixed rate financing. Available for both profit-motivated and not-for-profit projects.

 

Nursing Homes/ Assisted Living Facilities

New Construction and Substantial Rehabilitation
Gershman Mortgage offers loans for the new construction and substantial rehabilitation of nursing homes, intermediate care facilities, board and care homes and assisted-living facilities. Projects are eligible for HUD secured financing under LEAN Processing. Available for both profit-motivated and not-for-profit projects.

Acquisition and Refinancing
To refinance existing nursing homes, intermediate care facilities, board and care homes and assisted-living facilities without major repairs, Gershman offers loans insured through HUD which are eligible for up to 35 years fixed rate financing. Available for both profit-motivated and not-for-profit projects.

 

Hospitals

Gershman Mortgage offers loans for construction financing, refinancing, modernization, remodeling, equipment and expansion through the HUD/FHA Section 242 Program for acute care hospitals or critical access hospitals. As an FHA-Approved Lender, Gershman Mortgage works with HUD and the Department of Health and Human Services throughout the process to ensure a successful approval.