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| Retirement Living Project Financing Program Alternatives...Rainmaker Marketing Corporation
provides senior housing developers with retirement
living project financing options. Most Now take it to the next level... Suppose you are developing the prototypical 308-unit CCRC and you are using a straight entry-fee approach. You do an initial phase of 120 ILF units and the commons building. That will cost, cet. par., around $44,000,000. That translates to an initial phase average cost of approximately $367,000 per living unit. You go with an average entry-fee of $200,000. That leaves you with around $167,000 in value to be accounted for between the project end-loan (a construction loan) and the real estate syndication - about $20,000,000. The real estate syndication would bring in around $12,000,000 and then you have a remaining construction loan of $8,000,000. That is to say, a $44,000,000 project with a $8,000,000 revolving construction loan facility having a Loan-To-Cost Ratio of less than 20%! Hello Mr. Non-Recourse Construction Lender, we have a winner! Now you have an idea of the genius that is behind the consulting approach of Rainmaker to the senior housing industry. Rainmaker Marketing Corporation is the syndication, due diligence and development consulting firm to turn to for answers to the unexpected and solutions for the innovator in all of us. |
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retirement living project
financing is based upon new construction projects. Rainmaker Marketing
Corporation provides the
necessary transaction exposure for senior housing properties that are owned on a
fractional unit plan basis via the tenants-in-common
construction. This is approach is not a securities float - it is a sale of
fractional units through/by Rainmaker Marketing Corporation as a fractional
owner. Rainmaker undertakes the due diligence review for each project and
then purchases it using a fractional ownership agreement.
