An Alternative Investment For Indiana Hospitals: Seniors Housing
|
|
|
- Lydia Walker
- 9 years ago
- Views:
Transcription
1 An Alternative Investment For Indiana Hospitals: Seniors Housing Chris Blanda Vice President NI & KY Market Head Lancaster Pollard & Co. IRHA Annual Conference Offering Financial Advice and Solutions to Health Care, Senior Living, and Housing Providers.
2 Agenda Observations on the Opportunity Seniors Housing Market Overview Project Considerations Non-Recourse Financing Options 2
3 Observations Our Perspective Investment Banking Lancaster Pollard & Co. Buy & Sell-Side M&A Advisory Debt Underwriting Financial Consulting Financial Derivatives Private Placements Remarketing Mortgage Banking Lancaster Pollard Mortgage Company FHA-Insured Mortgage Loans GNMA Issuer/Servicing Mortgage Loan Servicing USDA-Guaranteed Mortgage Loans Fannie Mae Multifamily & Affordable & Seniors Housing Lender/Servicer Private Equity Propero Seniors Housing Equity Fund, LLC Senior Living Focused Partnership with Best-in-Class Operators New Development and Acquisitions 100% Equity Investment Triple Net Lease with Pre-Negotiated Purchase Options Balance Sheet Lending Lancaster Pollard Finance Company Construction Financing Term debt Bridge Loan Financing Mezzanine Debt Preferred Equity Investment Advising Lancaster Pollard Investment Advisory Group Arbitrage Assessment Asset-Liability Management Capital Structure Optimization Fiduciary Investment Consulting Project Fund Management Risk Management Advising
4 Observations Our Perspective Financier / lender to hospital and seniors housing sectors for over 25 years Over 1,000 seniors housing projects funded Service over $4 billion of loans (majority are seniors housing) Owner / investor of seniors housing properties (through a private real estate fund, Propero ) Upper Payment Limit ( UPL ) program is already widely used in Indiana 4
5 Observations Logical Fit Demand for seniors housing in rural communities based on aging demographic and lack of modern supply ACA s promotion of fee-for-value rather than fee-forservice Focus on re-admissions, care coordination, etc. Hospital s unique profile One of stronger balance sheets in community Core margins are being compressed Conservative investment policies Access to non-recourse, below market funding options Seniors housing median margins and sales prices relatively high 5
6 Senior Housing Market - Fundamentals Demographics (growing senior age populations and fewer children to care for their parents) Ratio of Caregivers (age 45-60) to those over 80 projected to shrink from 7:1to 4:1 by 2050 (AARP study) Occupancy and rents continue to trend higher Strong capital in-flows with growing institutional interest Seniors Housing Returns have outpaced other core property types per NCREIF national property index (NPI) 6
7 Senior Housing Market - Returns NCREIF National Property Index Return Data 7
8 Seniors Housing Market Performance 2013 State of Seniors Housing "Same Store" Analysis - PUPA - 3 Year Trend IL Only AL Only AL & ALZ Only Occupancy 91% 86% 91% 87% 91% 86% Revenue 32,347 31,233 47,915 47,028 58,765 56,515 Expense 19,936 20,810 32,852 32,094 39,588 37,936 NOI 12,411 10,423 15,063 14,934 19,177 18,579 NOI Margin 38% 33% 31% 32% 33% 33% 2013 State of Seniors Housing Operating Margin* by Community Type IL AL AL/ALZ Lower Quartile 20% 16% 18% Median 37% 31% 33% Upper Quartile 50% 44% 42% *EBITDAR/Revenue 8
9 Seniors Housing Market - Quarterly Trends *National Investment Center NIC Data 9
10 Seniors Housing Market - Performance 10
11 Price Per Unit Averages 11
12 Key Factors Driving Price & Value Asset Type (Class A, B, etc.) Primary Market dynamics Rents and competitive advantages in market Size (# Units) Age of Property 12
13 Seniors Housing Market AL Development 13
14 Seniors Housing Market Construction Starts 14
15 Construction Data - Cost 15
16 Common New Construction Features Proximity to public transportation and medical services Large Multi-purpose rooms Library/Information Center Dedicated Meeting Spaces/Conference Rooms Coffee Shop/Grab n Go and Bistros Salons Spiritual Centers Fitness, Indoor Pool and Rehab Space 16
17 3 Keys to a Successful SL Project 1. Operator proven operator for fill-up and maintaining stabilized margins in similar market / project scope 2. Market demonstrated need by a reputable third party market study analyst 3. Equity traditional 20% equity plus working capital until operation is stabilized 17
18 A Hospital s Role Operator Lease or JV Market Rely on third party analyst s report and operator s perspective (assuming operator is appropriately tied in) Equity Sole owner (lease) or JV Propero model 18
19 Non-Recourse Funding Options FHA/HUD 232 Program New construction or purchase Up to 40 year term/am Fixed all-in rate below 4.50% Non-recourse (no guarantee from hospital; silo financing) Over 500 projects financed per year USDA CF NP, new construction, rural 40 year term/am <4.00% fixed Current over supply of funding 19
20 QUESTIONS? Lancaster Pollard 65 East State Street, 16th Floor Columbus, OH Phone (614) Fax (614)
Roadmap to Financing Your Long Term Care Project
Roadmap to Financing Your Long Term Care Project Panelists: Gerald M. Swiacki, Lancaster Pollard Senior Vice President Southeast Regional Manager Alec Blanc III, Regions Bank Senior Vice President F. Donald
10-Yr U.S. Treasury Yield Since 1962. 10-Yr U.S. Treasury Yield Forecast. HUD 232 LEAN Overview
Why Has HUD Exploded in Popularity as a Financing Option for SNF, PCH, and AL Facilities? Ken Gould Senior Vice President and Northeast Regional Manager Lancaster Pollard 10-Yr U.S. Treasury Yield Since
CREATIVE FINANCING STRATEGIES. 2015 Affordable Housing Conference
CREATIVE FINANCING STRATEGIES 2015 Affordable Housing Conference Panelist Moderator: Lewis Diaz, Partner Dinsmore & Shohl LLP [email protected] Speakers: Jeff Banker, Vice President Lancaster Pollard
Get Your Multifamily Deal Done With FHA
January 7, 2009 Get Your Multifamily Deal Done With FHA Arbor Commercial Mortgage, LLC Overview In 2008, the housing finance system came to a near standstill as creditors began losing confidence in the
LENDING GUIDELINES AND TERM SHEETS FOR:
LENDING GUIDELINES AND TERM SHEETS FOR: THE OHIO AFFORDABLE HOUSING LOAN FUND THE OHIO PRESERVATION LOAN FUND THE OCFC PERMANENT LOAN PRODUCT For information, please contact:, 614.224.8446 (p) 614.224.8452
A LEADER IN MULTIFAMILY AND HEALTHCARE LENDING
A LEADER IN MULTIFAMILY AND HEALTHCARE LENDING Greystone will work hard to help you accomplish your financial needs. We will use our creativity, drive and passion to deliver unparalleled business solutions
Debt Service Coverage Ratio (DSCR) Calculations and Examples
April 15, 2014 Debt Service Coverage Ratio (DSCR) Calculations and Examples This document provides product-specific information and sample calculations for the debt service coverage ratio that is disclosed
Recent and Projected and Affordable Housing Share Multifamily Rental Housing Starts
Western Mortgage Advisory Council (WMAC) Annual Western Lender s Conference April 15-17, 2015 The Curtis Hotel Denver, Colorado Recent and Projected and Affordable Housing Share Multifamily Rental Housing
David L. Griffin, Jr. Aaron Klein PRINCIPALS
PRINCIPALS Aaron Klein Aaron Klein is the founder and co partner of Commercial Mortgage Capital, Inc. He has 15 years of commercial mortgage banking and transactional finance experience, including positions
Achieving your goals through Financing. Cooperative Financing Models that may work for you
Achieving your goals through Financing Cooperative Financing Models that may work for you Overview Cooperative Financing Mortgage programs for Cooperatives Overview of current rate environment Reasons
Grandbridge Real Estate Capital. ULI Triangle February 17 th, 2011
Grandbridge Real Estate Capital ULI Triangle February 17 th, 2011 Grandbridge National Scope Based in Charlotte, N.C., Grandbridge arranges permanent commercial and multifamily real estate loans, services
Multi-family Affordable. Becky Christoffersen, Midwest Housing Development Fund, Inc.
Multi-family Affordable Housing Capital Solutions Becky Christoffersen, Midwest Housing Development Fund, Inc. Midwest Housing Development Fund, Inc. CDFI since 2000 Revolving loan fund Affordable Housing
Assumable mortgage: A mortgage that can be transferred from a seller to a buyer. The buyer then takes over payment of an existing loan.
MORTGAGE GLOSSARY Adjustable Rate Mortgage (ARM): A mortgage loan with payments usually lower than a fixed rate initially, but is subject to changes in interest rates. There are a variety of ARMs that
FHA INSURED LOANS ~ Multifamily Accelerated Processing (MAP) NEW CONSTRUCTION or SUBSTANTIAL REHABILITATION Of RENTAL APARTMENTS
FHA INSURED LOANS ~ Multifamily Accelerated Processing (MAP) NEW CONSTRUCTION or SUBSTANTIAL REHABILITATION Of RENTAL APARTMENTS Section 221(d) Family Apartments, all Areas Section 220 Family Apartments,
THE OXBRIDGE FHA FACILITY FHA TERM SHEETS
THE OXBRIDGE FHA FACILITY FHA TERM SHEETS Set forth below are the various types of FHA Loans for which the Oxbridge FHA Facility will provide GAP funding (i.e. funding of borrower equity requirement) to
Tax Exempt Bond Financing For Affordable Housing Projects
Tax Exempt Bond Financing For Affordable Housing Projects April 9, 2015 Sujyot S. Patel Partner Dinsmore & Shohl LLP (513) 639-9256 [email protected] Lewis Diaz Partner Dinsmore & Shohl LLP (513)
Evaluating the HECM product
Evaluating the HECM product March 26, 2015 Presented by Garrett M. Kolb [email protected] Senior Managing Director Reverse Mortgage Solutions, Inc. For Mortgage Professionals Only These materials are designed
Commercial Mortgage Types and Decisions
Commercial Loans vs Home Loans Fin 5413 Commercial Mortgage Types and Decisions Commercial mortgages and notes are not as standardized as home loans Although this is changing with growth in commercial
Commercial Mortgage Types and Decisions
Commercial Mortgage Types and Decisions Commercial mortgages & notes for existing properties not as standardized as home loans Documents are longer & more complex Often no personal liability: Legal borrower
221(d)4/221(d)3 Multifamily Apartments- New Construction/Substantial Rehabilitation
221(d)4/221(d)3 Multifamily Apartments- New Construction/Substantial Rehabilitation 83.3% Loan-to-Cost (Higher for affordable and/or rent subsidized projects) Future Value NOT PROJECTED OR UTILIZED Interest-only
Fannie Mae National Housing Survey. What Younger Renters Want and the Financial Constraints They See
Fannie Mae National Housing Survey What Younger Renters Want and the Financial Constraints They See Copyright 2014 by Fannie Mae May 2014 Table of Contents Research Methodology... 4 Executive Summary.....
How To Run An International Financial Company
FINANCING SOLUTIONS FOR THE NEXT CENTURY We re committed to you Since our founding in 1977, ATEL Capital Group committed itself to fulfilling the mission we set decades ago; care for our investors and
Achieving your goals through Financing. Cooperative Financing Models that may work for you
Achieving your goals through Financing Cooperative Financing Models that may work for you Overview Cooperative Financing Overview of the environment Interest Rates Why now is the best time to borrow Reasons
Combining Tax Exempt, Short-Term Bonds with Taxable GNMA Sale and 4% LIHTCs for Affordable Apartment Financings
SWAC Southwest LIHTC Workshop Dallas, TX September 22, 2015 Combining Tax Exempt, Short-Term Bonds with Taxable GNMA Sale and 4% LIHTCs for Affordable Apartment Financings Kent Neumann, Esq. Partner Eichner
Section C. Maximum Mortgage Amounts on Streamline Refinances Overview
Section C. Maximum Mortgage Amounts on Overview In This Section This section contains the topics listed in the table below. Topic Topic Name See Page 1 General Information on 3-C-2 2 Without an Appraisal
GROWING. FINANCIAL PARTNERSHIPS Discover the Difference with DLC Expert Financial Loan Programs Provided through EQUIS CAPITAL FINANCE COMMERCIAL
GROWING FINANCIAL PARTNERSHIPS Discover the Difference with DLC Expert Financial Loan Programs Provided through EQUIS CAPITAL FINANCE COMMERCIAL Acquisition Term Bridge Permanent Short Term Mezzanine Acquisition
LOAN PROGRAMS AND INFO WWW.PRIVATEHARDMONEY.LOAN
LOAN PROGRAMS AND INFO WWW.PRIVATEHARDMONEY.LOAN PRIVATE LENDING & HARD MONEY The biggest problem facing real estate investors is where to find the money to fund their deals. Private Hard Money Loans provides
Webinar Thursday, October 16, 2013 1:00 PM ET
Webinar Thursday, October 16, 2013 1:00 PM ET Presented By: Anthony Luzzi, President Andrew J. Patykula, Senior Vice President Sims Mortgage Funding, Inc. Webinar Objectives: To introduce HUD s major mortgage
Room 206 AB Tuesday, October 8 2:15-3:30pm T9: Get Shorty!
Room 206 AB Tuesday, October 8 2:15-3:30pm T9: Get Shorty! Housing Washington October 8, 2013 How Short Term Bonds with FHA Financing Can Enhance your Bottom Line Mark Dean Managing Director Citi [email protected]
General Overview of Lending Capabilities
Anthony R. D Ascoli, CIMA, CRPC UBS Financial Services Inc. Senior Vice President Investments D'Ascoli Financial Group Portfolio Manager 750 Washington Blvd, 11 th Fl [email protected] Stamford,
New uses and structure for Federal Home Loan Bank Letters of Credit can help communities by providing credit enhancements for tax-exempt bonds and
New uses and structure for Federal Home Loan Bank Letters of Credit can help communities by providing credit enhancements for tax-exempt bonds and improve cost of capital. 1 LC Structure, Usage, Benefits
KBW Mortgage Finance Conference. June 2, 2015
KBW Mortgage Finance Conference June 2, 2015 Forward Looking Statements This presentation contains forward looking statements within the meaning of the safe harbor provisions of the Private Securities
HUD INSURED LOANS for ACQUISITION or REFINANCE of EXISTING OCCUPIED RENTAL APARTMENTS Section 223(f) and 202/223(f)
HUD INSURED LOANS for ACQUISITION or REFINANCE of EXISTING OCCUPIED RENTAL APARTMENTS Section 223(f) and 202/223(f) ~ Multifamily Accelerated Processing ~ PROGRAM FEATURES Fixed-rate, level pay Non-recourse
The new economics of educational lending under the ihelp program
The new economics of educational lending under the ihelp program Finally, a private student loan program that makes financial sense for community banks and their customers. Students- still a great investment
House Committee on Financial Services. November 29, 2012
House Committee on Financial Services Joint Hearing Before the Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Insurance, Housing and Community Opportunity Entitled Examining
INVESTOR SURVEY & MARKET OUTLOOK SENIORS HOUSING & CARE
INVESTOR SURVEY & MARKET OUTLOOK SENIORS HOUSING & CARE February 2016 A CBRE Valuation & Advisory Services Publication Investor Survey & 2016 In This Issue: Key Observations....pg 2...pg 3...pg 4...pg
Real Estate Syndication: A Look at Current Market Rates
Crowdfunding for real estate Quick Stats Updated August, 2013 Private Real Estate Investing: A Look at Current Market Rates for Real Estate Syndications Realty Mogul is a marketplace for accredited investors
Welcome! Presented by: Don Bernards, Partner Baker Tilly Brian Coate, Vice President Lancaster Pollard Ryan Miles, Vice President Lancaster Pollard
Welcome! HUD 202 refinancing: i Preserving multifamily il properties Presented by: Don Bernards, Partner Baker Tilly Brian Coate, Vice President Lancaster Pollard Ryan Miles, Vice President Lancaster Pollard
b e r k e l e y p o i n t
Property Type Conventional Multifamily Multifamily Affordable Housing Student Housing Manufactured Housing Seniors Housing Products Fixed and Adjustable Rate Loans Early Rate Lock Interest-Only and Fully
Real Estate Terminology
Real Estate Terminology Types of Legal Entities Limited Liability Company LLC - A corporate structure whereby the shareholders of the company have a limited liability to the company's actions. Basically,
FHA Sections 220, 221 (d)(4) & 221 (d)(3)
FHA Sections 220, 221 (d)(4) & 221 (d)(3) FHA-Insured Financing for the New Construction or Substantial Rehabilitation Of Multifamily Rental Housing FHA Section 220 provides mortgage insurance for housing
Business Loan Programs. a) Purchase, Refinance, Rehab, Construction, Working Capital, a) Fixed Asset Purchase, Construction
Current Programs Pacstar Capital Partners has partnered with a leading commercial funding group to provide a myriad different types of business financing to its client companies. Loans types, criteria,
www.commercialloansinalaska.com
Financial Corporation 5313 Arctic Blvd., Suite 206 Anchorage, Alaska 99518 (907)279-8551 www.commercialloansinalaska.com CHAPTER 1 INTRODUCTION TO COMMERCIAL LOANS Commercial Loans are defined as: "Any
261 Gorham Road South Portland, ME 04106. Company Profile
Company Profile Preservation Management, Inc. (PMI) has been providing comprehensive residential and commercial property management services since 1980. Over the last 30 years PMI has grown to manage over
SINGLE FAMILY DEVELOPMENT
SINGLE FAMILY DEVELOPMENT Agenda April 1 Introductions Background of class participants Ground rules Course outline and objectives The single family crisis Single family versus multifamily development
So You Want to Borrow Money to Start a Business?
So You Want to Borrow Money to Start a Business? M any small business owners cannot understand why a lending institution would refuse to lend them money. Others have no trouble getting money, but they
WHERE THE MONEY IS REIT FINANCING IN SENIOR HOUSING ACQUISITIONS
WHERE THE MONEY IS FINANCING IN SENIOR HOUSING ACQUISITIONS Brian J. Maas Senior Vice President and Associate General Counsel Chad C. White Associate General Counsel Long Term Care and the Law February
Announcement 08-16 June 25, 2008
Announcement 08-16 June 25, 2008 Amends these Guides: Selling Bankruptcy, Foreclosure, and Conversion of Principal Residence Policy Changes; and Revised Property Value Representation and Warranty Requirements
INCOME APPROACH Gross Income Estimate - $198,000 Vacancy and Rent Loss - $9,900
INCOME APPROACH The Income Approach considers the return on Investment and is similar to the method that investors typically use to make their investment decisions. It is most directly applicable to income
OPPENHEIMER HOLDINGS INC. ANNUAL STOCKHOLDERS MEETING. New York, NY May 9, 2016
OPPENHEIMER HOLDINGS INC. ANNUAL STOCKHOLDERS MEETING New York, NY May 9, 2016 WELCOME to Oppenheimer s 2016 Annual Stockholders Meeting May 9, 2016 2 SAFE HARBOR STATEMENT This presentation and other
The State of the Corporate Banking Industry 2008 2009 Banking Industry Crisis Andrew Cardimen, Senior Vice President Middle Market Corporate Banking Harris Bank, N.A. 1 The 2008 2009 Credit Crisis 2 ~8,300
HUD Mortgage Insurance Program Section 232 LEAN
HUD Mortgage Insurance Program Section 232 LEAN Skilled Nursing, Intermediate Care, Assisted Living, Board & Care Benefits: The LEAN program offers more efficient processing through a centralized application,
Commercial Lending Glossary
Commercial Lending Glossary Acre: Unit of land measure equal to 43,560 square feet. Amortization (To Amortize): The act of paying off a debt through scheduled periodic payments. Example: A 20 year amortization
Market Rate Ginnie Mae/Fannie Mae TBA Program
Mike Awadis Senior Vice President FirstSouthwest Company Market Rate Ginnie Mae/Fannie Mae TBA Program September 17, 2015 Contents About FirstSouthwest Company The Current Environment for HFAs TBA Market
COMMERCIAL LOAN OVERVIEW
COMMERCIAL LOAN OVERVIEW A BORROWER S GUIDE COMMERCIAL LOAN OVERVIEW GUIDE Commercial Mortgage Underwriting Guidelines and Process Commercial financing for commercial properties is underwritten on a case
LAXFIELD UK CRE DEBT BAROMETER
LAXFIELD UK CRE DEBT BAROMETER Issue 5:Q2-, published November 2015 Laxfield Capital presents the 5th issue of the Laxfield UK CRE Debt Barometer, an overview of current financing requirements in the UK
JLL Debt Advisory Iberia
the Real Estate Investment profitability with the Financing? Debt Market A Diverse Originating Lender Audience Existing Market Players New Entrants Lenders with a foothold in certain markets with scarce
White Paper. LIHTC Apartments Mortgage Risk Why They Do Not Default. By George Vine, CFA
White Paper LIHTC Apartments Mortgage Risk Why They Do Not Default By George Vine, CFA Introduction People generally know that LIHTC mortgages (first mortgages on low income housing tax creditfinanced
Introduction. Instructor and student introductions. Module overview. Your Own Home
Introduction Instructor and student introductions. Module overview. 2 Student Introductions Your name. Your expectations, questions, and concerns about buying a home. 3 Purpose : Gives you information
Welcome to the 2015 ICBA Community Bank Day
Welcome to the 2015 ICBA Community Bank Day Agenda and Introductions David Hibbs Vice President, Membership Account Manager ICBA Special thanks to Greg Ohlendorf, First Community Bank & Trust, Beecher,
Dr. Debra Sherrill Central Piedmont Community College
Dr. Debra Sherrill Central Piedmont Community College 1 2 Describe the benefits and pitfalls of renting versus owning a home. List the steps required to obtain a mortgage loan. Identify mortgage options
NEW YORK STATE HOMES AND COMMUNITY RENEWAL S 80/20 HOUSING PROGRAM
NEW YORK STATE HOMES AND COMMUNITY RENEWAL S 80/20 HOUSING PROGRAM ELIGIBILE PROJECTS New construction of multifamily rental housing properties. Generally, HFA expects that applications for project loans
FHA Office of Single Family Housing. Training: Origination Through Post-Closing/ Endorsement
Training: Origination Through Post-Closing/ Endorsement 1 Module 8A Programs and Products: Refinance Single Family Housing Policy Handbook 4000.1 Title II Insured Housing Program Forward Mortgages Origination
Funding Programs: HUD Performance Funding System (operating subsidy for PHA) Private foundation operating grants
Funding Programs by Funding Tools Federal Funding Programs 1. Owner or participant investment - An investment of funds from agency operation or fees paid by a participant to offset the cost of providing
Financing Residential Real Estate
Financing Residential Real Estate Chapter 1: Finance and Investment Borrowing Money to Buy a Home Investments and Returns Types of Investments Ownership Investments Debt Investments Securities Investment
Sun West Overview. Privately Held Flexibility to respond to Customers needs. CONFIDENTIAL Sun West Mortgage Company, Inc.
Sun West Overview Headquartered in Cerritos, California - Sun West has been serving our nationwide client base since 1980. Our diversified loan program experience includes FHA Single Family, FHA Reverse
A mortgage is a loan that is used to finance the purchase of your home. It consists of 5 parts: collateral, principal, interest, taxes, and insurance.
A mortgage is a loan that is used to finance the purchase of your home. It consists of 5 parts: collateral, principal, interest, taxes, and insurance. When you agree to a mortgage, you enter into a legal
Understanding the APOD How to Crunch the Numbers on Your Investment Transaction
Understanding the APOD How to Crunch the Numbers on Your Investment Transaction Commercial Investment Education Alliance Commercial Success Series 105 1 Commercial Investment Education Alliance Please
HUD Launches New Federal Mortgage Insurance Program for Acquisition and Refinancing of Acute Care Hospitals
HUD Launches New Federal Mortgage Insurance Program for Acquisition and Refinancing of Acute Care Hospitals By Steven Hunt Senior Director - Hospital Finance, Love Funding and Cole Powell, CPA Principal
OPTIONS IN FORECLOSURE
Section II: KEEPING YOUR HOME OPTIONS IN FORECLOSURE Deciding whether or not to keep your home is something that only you, the homeowner, can determine. The best housing counselors will ask what you d
The Coming of Age for Seniors Housing Presented to: NCREIF
The Coming of Age for Seniors Housing Presented to: NCREIF Presented by: Beth Burnham Mace AEW Capital Management November 14, 2013 This material is intended for information purposes only. It does not
1-800-290-3521 Extension 415 A Connecticut Company. Providing Our Clients With Excellent Opportunities... Outstanding Results
Reverse Mortgage Basics What is a reverse mortgage? The reverse mortgage is a safe and easy way for seniors to turn their home s equity into an additional source of income to meet any financial need. It
Cooperative Housing/ Share Loan Financing. Larry Mathe Chris Goettke National Cooperative Bank
Cooperative Housing/ Share Loan Financing Larry Mathe Chris Goettke National Cooperative Bank The NCB Story NCB delivers banking and financial services to cooperative organizations complemented by a special
Impact Investment Fund A New Social Impact Investment Opportunity
Preservation of Naturally Occurring Affordable Housing Greater Minnesota Housing Corporation Affordable Housing Preservation Impact Investment Fund A New Social Impact Investment Opportunity To Preserve
Cash Investments MORE: Multiple Owner Real Estate
Private Capital Corporation Inland Private Capital Corporation Cash Investments MORE: Multiple Owner Real Estate www.inland-investments.com Inland Private Capital Corporation 415 properties in 44 states
FHA Direct Lender. HUD Section 242 Mortgage Insurance Program
FHA Direct Lender HUD Section 242 Mortgage Insurance Program HUD SECTION 242 MORTGAGE INSURANCE PROGRAM CBRE is an FHA MAP approved direct lender providing competitive financing for hospitals. CBRE can
Athens University of Economics and Business
Athens University of Economics and Business MSc in International Shipping, Finance and Management Corporate Finance George Leledakis An Overview of Corporate Financing Topics Covered Corporate Structure
Developing a Cooperative through FHA Financing. A model that works for Individuals, developers and the community
Developing a Cooperative through FHA Financing A model that works for Individuals, developers and the community Contents Basic Cooperative Concepts Basic Cooperative Qualities Cooperative Legal Documents