"We are Raising $1,000,000 a Day"

"We are raising $1,000,000 a day", "We are raising $1,000,0000 a day", "We are raising $1,000,0000 a day"....I heard this quote from several financial partners in the Seniors Housing Industry throughout the NIC conference.  The major theme from the NIC conference that I took away was the incredible liquidity in the Seniors Housing Marketplace.  Many groups are AGGRESSIVELY placing capital and are looking at single asset acquisitions.  They are able to complete single asset acquisitions instead of large portfolios by partnering with regional operators throughout the country to actually operate the facility.  

If you have ever considered selling your facility, it may be a great time to evaluate your "exit strategy".  We are completing transactions at unprecedented values because the extremely low cost of capital in the marketplace is driving prices upward.  

www.evansseniorinvestments.com

Financing: The Past 6 Months

It seems there is a disconnect with what owner/operators and industry professionals are seeing in the marketplace with regards to financing.  Speaking with folks across the country that own Seniors Housing and Long Term Care facilities, most are still under the impression that credit and financing are hard to come by.  We are seeing the contrary.  We have closed four transactions in the last 6 months using three different sources of financing: all cash, seller financing and conventional lending.  Regional banks are showing attractive term sheets and some private equity firms are raising over $1 million a day to place into the sector.  Not only are the open lines of credit a good thing to get transactions done, but owner operators have a plethora of options for refinancing loans with lower interest rates.  By informing owner/operators that the market has several options, we are building relationships, adding value, and exceeding our clients’ expectations.

For more information contact David Dobek (312) 896-0123

www.evansseniorinvestments.com