As America’s older population grows, so does the demand for affordable senior housing—especially following the economic downturn. Considering nonprofit providers’ need to access capital at a reasonable cost in order to supply an increasingly necessary commodity, Lancaster Pollard recently updated its “Financing Options for Nonprofit Senior Living Organizations” guide.
The guide is meant to “demystify” financing options for nonprofit long-term care providers and help them understand what’s available to them for new construction or renovation projects, refinancing, or acquisitions.
“These providers want to provide quality of life for their residents as well as to increase marketability by updating and modernizing facilities to add amenities and services,” said Lancaster Pollard CEO Tom Green. “This requires capital expenditures and these guides will aid nonprofit providers in understanding the complexities of financing in today’s economy.”
The “Financing Options for Nonprofit Senior Living Organizations” guide outlines topics including integrating strategic plans and capital financing; long-term debt financing options for nonprofit senior living organizations; and risk management and the role it plays in an organization’s financial plan. It also provides technical insights on financing structures and what is specific to nonprofit organizations, along with some case studies of providers who have utilized government or GSE programs.
Access the guide here.
Written by Alyssa Gerace