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Rainmaker
Marketing Corporation is a senior housing consulting firm focused on
preparing feasibility studies for new construction projects nationwide -
including residential
care facility feasibility studies. Rainmaker has over twenty years
experience in the production of senior
housing market feasibility studies, senior
housing financial feasibility studies, construction feasibility studies
and related due
diligence documentation for the purposes of allowing the senior housing
developer to attract non-recourse construction financing for the project
outside of the FHA/HUD loan insurance programs. Indeed, the efficacy
of HUD in today's senior housing market (including residential care
facilities) is fast becoming a dinosaur because of the excessive application
process that in some areas exceeds two (2) years. This creates a host
of issues most senior housing and retirement living developers are just not
equipped to handle, as they watch the market opportunity be gobbled up by
their competitors as their application lays fallow in the local HUD office
or in the regional economist's office. Many developers have even
elected to accept full recourse financing so as to not miss the market
window.
But
you will be wanting non-recourse financing, won't you?
Non-recourse
construction financing allows the senior housing developer to create new
project opportunities for the benefit of the developer and the
investing-public because the developer's assets are not all tied up into a
single project. Where recourse and cross-collateral pledges are
required, the developer is locked in to a given transaction until the
financing can be retired. This could take up to three (3) years and
all the while the developer is stuck and the potential increase in portfolio
income is lost - for the developer of residential care facilities, the
roll-out opportunity cannot be realized and the market opportunity window
for new residential care facility development programs may be lost entirely
to more nimble (and well-healed) senior housing development companies.
It starts out as a box, but pretty soon the developer finds it to be more
like a coffin as the terms of the capital financing effectively strangle the
developer's growth plans.
Rainmaker
Marketing Corporation was formed (originally) for the purposes of providing
market feasibility studies for senior housing projects. Over the
ensuing years our reach has expanded to include all types of commercial real
estate projects and consulting requirements our clients may have. Our
approach is to offer the most important value-added services and assist the
client (where required) with the placement of the construction financing and
acquisition of equity capital to allow the developer to close on the
construction financing without necessarily diluting the developer's share of
the near-term and long-term incremental equity gains typically created by
senior housing projects.
Rainmaker
Marketing Corporation is situated to be your commercial real estate
development finance due diligence specialists that can help you organize,
manage and document all of the issues and challenges necessary to create a
development program for senior housing, mixed-use, retail, multifamily
housing, commercial office space developments and master-planned
communities. No matter what industry you serve, the issues don't
change, just the form of the answers. Rainmaker is the company to turn
to if you want the answers.
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