Lending Outlook Brightens for Senior Housing and Care

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What should operators keep in mind when approaching lenders about financing and after?

This report by Matthew Huber, SVP, Market Manager - Healthcare Financial Services, People’s United Bank, offers insights into the outlook for senior living and care as the sector works to recover from the pandemic. 

10 Best Practices for Borrowers

  1. Be realistic about projections for the next three to five years....
  2. Demonstrate a clear understanding of the construction budget....
  3. Present as complete a financial picture of the project at one time as possible....

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People’s United Bank’s Healthcare Finance Division offers a full array of banking services and financial solutionsdesigned to meet the unique needs of assisted living, memory care and skilled nursing communities, as well as home care businesses.  

 

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