Financing for properties with an operating purpose.
Nursing and retirement home financing in Lethbridge involves more than a real estate valuation. The operating model, occupancy, required approvals and management experience can all affect a lender’s review.
Understand the operation
Clarify the type of accommodation and services provided, and identify any licences or operating approvals relevant to the business.
Review sustainable cash flow
Prepare occupancy history, operating statements and staffing or service costs that affect the property’s financial performance.
Plan a purchase or refinance
Describe the ownership structure, operator experience and any planned building improvements or changes in services.
What to have ready
- Operating financials and occupancy history
- Operator experience and ownership structure
- Relevant approvals and property details
- Purchase, refinance or improvement budget
Document requirements vary. Please arrange a secure way to share financial information with your mortgage professional.
What happens next?
Tell us the basics of your Lethbridge project. We will discuss the information needed to assess possible financing routes. A consultation does not guarantee approval or a specific rate.
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