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Saturday, February 04, 2012
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Health Care, Senior Care, Nursing Home Funding
We have a specialized approach to funding these facilities that offers unique advantages. Avoid conventional lenders who want to cut the loan to value ratios and re-set the interest rates all too often.
If you want to acquire facilities, we can arrange funding for up to 100% of the appraised value plus fees, etc. Also, we provide competitive fixed rates for up to 30 years. If you are building a new facility, you can avoid the cost of a construction loan by using our method.
If you want to reduce your risk exposure but still take advantage of the profit potential in your business, we can show you how to sell your business and still control it.
One common mistake that many owners make is to finance short to intermediate term assets with long-term money. For example, they may pay for new furniture with proceeds derived from the mortgage. In doing so, they will be paying for this equipment long after it is worn out and replaced. It is usually advisable to finance equipment that is not a permanent fixture of the building, such as furniture, fixtures, etc. with intermediate funding such as an equipment lease or loan. At Providence, we offer specialized leasing services tailored to your unique needs as well as your long term financing needs.
Give us a call and we'll talk about it.
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