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| | Alzheimer's
Project Construction Financing...
Senior
housing developers seeking Alzheimer's
project construction financing can turn to Rainmaker Marketing
Corporation to provide access to financing, application due  diligence
documentation and development management consulting for all types of new
construction programs. Alzheimer's projects represent the
"new wave" in senior housing because the development and
operations of dementia care units must take into account all forms of
dementing disorders that can plague the elderly and Alzheimer's Disease
is just one (1) of the dementing disorders that the community must
manage. This leads to higher than typical staffing ratios in order
to streamline services and increase resident family satisfaction as
resident families become the most important long-term marketing program
an Alzheimer's care unit can hope to effectuate. This directly
impacts the project construction financing in terms of the use of
working capital because Alzheimer's units take longer than other senior
housing facilities to lease-up due to the residency turnover rate (this
is the most common project budgeting error that can lead directly to an
otherwise perfect property's demise). Accordingly,
most working capital allowances are in fact insufficient for the project
construction funding requirements. Rainmaker recommends the
following allocations for working capital financing for dementia care
units operating at the assisted living licensure level:
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Up
to 20 beds: $2,500 - $3,500 per bed. |
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21
beds to 39 beds: $3,000 - $4,000 per bed. |
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Over
39 beds: $3,500 - $4,500 per bed. |
Rainmaker
Marketing Corporation specializes in helping senior housing developers
bring their projects forward and into the market. Our full
continuum of services includes:
Discussion
continued on the following page. | |
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Do
You Know The Secret?
When it comes to commercial real
estate development finance, it doesn't matter whether you need to raise
$5 million or $50 million, the out-of-pocket costs, advance fees and
project due diligence costs will always require the same relative
investment dollars the promoters have to fund. Do you know what
that amount is? Do you know the Secret? |
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