Having come through the recession more intact than many other sectors, the environment for development is especially favorable right now for senior housing, according to experts.
In a recent edition of Provider Magazine, Imran Javaid, managing director, healthcare real estate, commercial and specialty finance, Capital One Financial Corp., explains, “A lot of players recognized that [seniors housing] had performed really well in the recession,” says Javaid. “The demographics are positive, but also important is that it held better in the recession than some other classes they’d typically lend to. They really recognized that it is more resilient to recession and downturns because it’s needs-driven.”
Because of the positive performance over the last 5-6 years, there are more financing options, favorable terms and low interest rates available, but experts predict that the current state is time limited, “If you have a plan that five years from now will be absolutely necessary [to implement], do it now,” says Javaid. “Accelerate the timeline, and do it now. Expand or upgrade a facility now, don’t wait for five years from now when you might have a very different environment.”
Financing for Green House homes comes in a variety of forms. In addition to commercial loans, Green House homes have being developed using bonds and government backed loans, as well as non-traditional loans. Through our partnerships with RWJF, AARP Foundation and The Weinberg Foundation, we are able to provide special financing for organizations serving low income elders. To learn more about financing opportunities, visit The Green House website