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| | Senior Housing
Market Information - Continued...
What
kind of reporting will work best for your business venture? Follow along
with this brief outline discussion of the terms and conditions you should be
aware of so that you buy exactly what you need - no more, no less:
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If
you are purchasing an existing senior housing facility, then you will likely
need the Senior Housing Market Report (and not a
formal senior
housing market feasibility study).
-
If
you are developing a senior housing community, and you are going to be
seeking financing from a third-party that is well known to you, and you will
be providing a loan guarantee (personal and/or corporate, joint and/or
several) then you likely need a Senior Housing Market Report.
-
If
you are developing a senior housing community and your are going to be
seeking non-recourse construction financing, then you need a formal senior
housing market feasibility study).
-
If
you are developing a senior housing community and you are going to be paying
the capital expenses from your own cash resources then it is likely that you
only need a Senior Housing Market Report
and then
you need to survey the local market regarding rental rates, occupancy
expectations, operating costs, etc.
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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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