Continued Care Retirement Community Development Loans

various loan options for

CONTINUED CARE RETIREMENT COMMUNITIES

With a long history of financing Continued Care Retirement Communities, especially not-for-profit organizations, we understand the unique needs of this industry. These communities require a significant investment into physical plant assets that have long useful lives, therefore the financing is typically long-term and supports:

• Independent living units
• Assisted living facilities
• Skilled nursing facilities
• Alzheimer/dementia care units
• Dining facilities
• Recreational facilities
• Other residential care facilities
• Construction, improvements or expansion of facilities
• A combination of any or all of the above
  

Financing Specifications

When eligible, financing can be provided on a bank qualified tax-free or non-bank qualified tax-free basis, both of which allow the borrower to benefit from a reduced interest rate. If the nature of the asset(s) being financed or the organization is not eligible for tax-free financing, financing can be supplied on a taxable basis. 

• Provided on a secure basis, generally with a title-insured mortgage against the property or lien against the organization's business assets
• Rate can be fixed for periods of up to 7 years
• Offer both floating and fixed-rate reset options beyond the initial fixed-rate period
• Amortization of debt can go out as far as 25 years, depending on the useful life of the asset(s)
• Shorter amortizations are utilized to finance equipment and/or fixtures
• Working capital lines of credit available for short-term needs and sized appropriately for the individual borrower

Contact us today for more information or to apply for a loan.