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SENIORS HOUSING & HEALTHCARE

Senior Living encompasses a wide range of property types. From Independent, Age-Restricted Apartments to Congregate Care, Assisted Living, Personal Care and Skilled Nursing Homes, Bellwether Enterprise has extensive experience in financing all types of Senior Living.

The Independent and Congregate Living products are typically underwritten as Multifamily Apartments, with financing provided by FHA-insured loans or Life Companies. The Independent product encompasses both market rate and subsidized properties, with subsidies often provided under the Low Income Housing Tax Credit (LIHTC) program. Congregate care provides a higher level of services, but is not licensed by the State and operates more like an apartment property.

Assisted Living/Personal Care and Skilled Nursing Homes can be financed under the FHA Office of Healthcare facilities, known as LEAN. These product types are licensed and regulated by the State and often receive some type of government reimbursement for the care they provide. Nursing homes receive third party reimbursement under Medicare and Medicaid, as well as some Assisted Living Facilities in States with Medical Assistance Waivers.

Bellwether Enterprise has the Multifamily experience and detailed knowledge of the healthcare products to finance all types of senior housing.  We can provide construction and permanent financing using the HUD-Insured programs and acquisition/refinancing for existing properties with Life Insurance Companies, with amortizations ranging from 20-40 years, depending upon execution.

Northern Columbus Community Lands $35M Fannie Mae Refi

2020-05-12

Bellwether Enterprise has arranged a $35.3 million Fannie Mae loan for Snyder Barker Investments’ Station 324 in Columbus, Ohio, Yardi Matrix data shows. The new debt package retires a $29 million construction mortgage from Flagstar Bank, taken in 2018 for the development of the 196-unit community.

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CHICAGO, IL

Kentucky Senior Community Lands $36M Refi

2020-04-03

Atlas Senior Living has obtained a $36.3 million Fannie Mae first mortgage loan to refinance Legacy Reserve at Fritz Farm, a 167-unit luxury senior community in Lexington, Ky.

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CHICAGO, IL

Bellwether Enterprise Provides $36.3M Refinancing Loan for Seniors Housing Community in Lexington, Kentucky

2020-04-03

Bellwether Enterprise Real Estate Capital LLC has provided a $36.3 million permanent loan through Fannie Mae’s seniors housing program for the refinancing of Legacy Reserve at Fritz Farm.

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CHICAGO, IL

The Impact of Coronavirus on the Seniors Housing Industry

2020-04-02

The coronavirus crisis has rapidly become a major part of Americans’ everyday lives and many of us are thinking about the most vulnerable among us: seniors. The virus has and will impact all sectors of the commercial real estate industry including seniors housing- independent living, assisted living, and nursing home properties that seniors call home.

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CHICAGO, IL

PRODUCTS

INDEPENDENT LIVING/CONGREGATE

HUD-Insured FHA Programs Life Companies

ASSISTED LIVING AND NURSING HOMES

HUD-Insured FHA Programs

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© 2020 by Bellwether Enterprise Real Estate Capital, LLC, a subsidiary of Enterprise Community Investment, Inc.