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
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