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Senior Living Developers - Continued...Most senior living developers and/or owner/operators (as the case may be) are unsuccessful in attracting capital to a given project; or so the odds tell us. The capital funding cycle for the typical senior housing development transaction leaves much to be desired. To help you better understand the requirements and order of measures to be taken to acquire construction and development financing for a rental or entry-fee senior housing project, the discussion materials in this section of the Rainmaker Marketing Corporation corporate web server are aimed at answering these enquiries and issues. The first issue is the determination of the development phase in which you intend to attract the financing, the sufficiency of which precludes you (the developer and/or the owner/operator) from having to provide any additional at-risk capital contributions to sustain the entirety of the development initiative. The choices are:
The developer is typically the only capital provider at the commencement of the conceptual development program; the period known as the Pre-Development Phase. Most developers believe they will also have to carry the transaction all the way through the Pre-Construction Phase before they can stop writing checks for the deal. This is incorrect. Rainmaker's senior housing syndication program can be configured to provide financing as early as the Pre-Construction Phase. The Construction Phase is where most developers end up being stuck. They can, more or less, move things along through the end of the Pre-Construction phase, but frequently run out of funds and human resources before the construction financing can close. Finally, most developers think the game is over when the Construction Phase operations and tasking has been completed. This is an incorrect assumption because certain statutory entitlements can only be passed through to the project once construction phase operations have been completed. It's the law. The requirements for a funding are based upon the following issues:
The final step in the process is applying this information within the context of the overall funding cycle component issues. Click here to continue the discussion. You may take advantage of our free initial consultation, so call today.
About Rainmaker...Rainmaker Marketing Corporation is the brainchild of Clint Lovell, a seasoned business finance consultant with more than 20 years experience. Rainmaker is a B2B consulting firm that was incorporated in 1994 for the purposes of providing market feasibility studies to businesses seeking capital financing in the commercial and institutional markets. Today, Rainmaker Marketing Corporation provides a comprehensive array of due diligence documentation services for most major industry groups. Rainmaker Marketing Corporation also provides syndication management services for fractional commercial real estate syndicates that can provide mezzanine gap funding for income-producing commercial property developments as early as the pre-construction phase. Rainmaker Marketing Corporation serves clients throughout North America and the Caribbean Basin. Rainmaker Marketing Corporation, Inc. 15519 Dawnbrook Drive, Houston, Texas 77068 © Copyright, 2009 Rainmaker Marketing Corporation, Inc. All rights reserved. |
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