Alternative Funding for Senior Living Providers on the Rise

A recent article by Thomas B. Gale, vice president for Lancaster Pollard, appearing in Long-Term Living, discusses changes in the financial landscape for senior living providers and outlines several alternative funding options for these providers.

Stricter underwriting standards as well as the expiration of several temporary funding options created by the American Recovery and Reinvestment Act and other Congressional action have limited some funding options, but other options remains. "Although most conventional avenues have been slow to recover to more affordable levels, numerous other options are still available," Mr. Gale wrote in the article.

The alternative funding options he discusses in detail include the following:
•    Federal and GSE programs, such as the Federal Housing Administration, Fannie Mae and the U.S. Department of Agriculture.
•    Bank options, such as the Federal Home Loan Bank credit enhancement, private placement of tax-exempt bonds.
•    Off-balance sheet financing and real estate investment trusts.

To view the full article, click here.

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