	RAINMAKER MARKETING CORPORATION 281.537.1200

Senior Housing Lenders, Fundings, Financings & Investment...

In searching for senior housing lenders, a variety of additional senior housing lenders, lending, investment, financings, assisted living issues come into play for a new development project or rollout of multiple senior housing facilities. Most senior housing lenders focus on two (2) key issues:

What are the credit resources for the proposed project? When you are thinking about a commercial bank loan, the credit issue is the first thing the lender turns to in completing the loan analysis. If you don't have A++ credit, then commercial banks are not likely to be a viable source for your construction loan.

What are the collateral resources the borrower can post in favor of the lender? Commercial lenders make loans when there is sufficient collateral posted to fully support an eventual loan liquidation when things head to the foreclosure stage. The amount of collateral varies from bank to bank and the type of loan you are seeking. For planning purposes, you should realize the commercial bank loan term sheet will seek to incorporate a cross-collateralization of all of your available assets so as to post a total of no less than 150% to as much as 350% of the loan basis.

Commercial bank lenders focus on time-value of money. They compete on the basis of (supposedly) processing and closing a loan much quicker than other routes you may decide to adopt. The trade-off is financial investment leverage. In most cases, a commercial bank will limit their loan-to-value ratio to less than 75% (generally), so the equity investment requirement is quite stiff. This requirement frequently leads the developer/borrower to turn to a structured finance solution where "layers of financing" are employed to fill the gaps.

Then we must turn to the due diligence requirements. Not only does the commercial bank approach require personal recourse and hefty collateral assignments, but the commercial bank will require a comprehensive due diligence trail in support of the proposed project that includes:

	Market Feasibility Study
	Financial Feasibility Report
	Environmental Report (clean Phase I)
	Site Engineering Study (approved development plat)
	Architectural Design (complete Schematic Phase)
	Executed Construction Contract
	Site Control
	Title Report
	Proof of Funds.

Get your own Rainmaker; call us today.

Do You Know The Secret?

When it comes to commercial real estate development finance, it doesn't matter whether you need to raise $5 million or $50 million, the out-of-pocket costs, advance fees and project due diligence costs will always require the same relative investment dollars the promoters have to fund. Do you know what that amount is? Do you know the Secret?

Rainmaker Marketing Corporation can trace its history back all the way to 1989. Incorporated in 1993, Rainmaker Marketing Corporation has evolved over time into a full-service business to business consulting firm. Rainmaker Marketing Corporation’s initial specialization was in issues and documentation needs corresponding to the capital funding cycle for commercial real estate development projects with a primary focus on senior housing and health care related properties. Today, Rainmaker Marketing Corporation serves all types of commercial income-producing property development program financing requests with a combination of feasibility studies, due diligence services, structured finance consulting and a focus on commercial real estate syndication services. Rainmaker Marketing Corporation’s service area includes all of the continental United States, Canada, Mexico and the Caribbean Basin.

281.537.1200

Email: consultants@rainmakermarketing.com

Commercial Real Estate Development Finance, Due Diligence Documentation, Syndication & Project Management Consulting

15519 Dawnbrook Drive, Houston, Texas 77068.