Senior Housing Investors, Investments, Fundings & Financings...

If you are seeking the participation of senior housing investors in your project, then you need to check and see if your project is ready for consideration.  If your project proposal meets all of the criteria below, then you need to talk to RMC because we can help you obtain the capital financing (or investment opportunity, as the case may be) necessary for construction:

	Market Study.  There's a current, arm's-length project feasibility study that supports the project.  Furthermore, the market study shows a demand for at least 300 units of senior housing for the subject site in the proposal.
	Site.  Site must be zoned for the intended use.  Site cannot cost more than $4/SF and must be at least 20 acres.  Site must have all other necessary entitlements.
	Project Delivery.  The project must be delivered using a design/build approach.  Schematic phase pricing must be ready.  building rendering, site plan, unit layouts and associated deliverables must be complete.
	Phasing.  Project will be built in two phases.  The initial phase will include a commercial real estate syndication and entry-fee presales program.  Each phase will be further divided into 90-day sale phases.
	Capital.  All due diligence must be done, site under control and $300,000 to $500,000 in working capital available.

If all of these conditions are met, cet. par., then the development plan can be financed using a combination of near-term/high-cost debt, syndication sale proceeds and entry-fee sales.  The resulting split on the business deal would work out as a 50/50 split between the developer and investor base with a minimum production requirement of $2,000,000 to the investment group in the first five (5) years.  This would leave the developer with control of the deal and an upside of approximately $12,000,000 (assuming all conditions are met with material success in every respect).