FHA Healthcare Success Stories
Arbor Living 232 New Construction
Lakewood, CO
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Arbor Living Loan Amount
$17,853,500
Date Closed 5/4/2009
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Arbor Living Successes New Construction of a 108 unit SNF &
Transitional Care Facility (54 SNF / 54 TC) Incredible Cash Flow over 1.60x DSCR
Challenges Site Selection – sought help of
appraiser/market study vendor Non-traditional design – 2nd story
designed for those recovering from acute hospitalization related to surgery or medical conditions
Memory Care at Seven Lakes
232 New Construction Loveland, CO
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Memory Care at Seven Lakes Loan Amount
$7,310,000
Date Closed 6/15/2011
NorthMarq Producer
Paul Bruder - Denver
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Memory Care at Seven Lakes Successes New Construction of 48 bed MC/ALZ
facility Quick lease-up with excellent cash flow
Challenges Only level of care given was memory care Wetlands issue – 8-step process
Park Regency 232/223f Refinance
Loveland, CO
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Park Regency
Loan Amount $10,855,900
Date Closed
3/23/2012
NorthMarq Producer Paul Bruder - Denver
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Park Regency Successes Refinance of 110 bed ALF (17 IL beds -
15.45%) Incredible cash flow with 2.08x DSCR
Challenges New project with limited operating history
(mitigated with strong sponsorship and management)
Prospect House 232/223f Refinance
Revere, MA
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Prospect House Loan Amount
$9,595,400
Date Closed 11/27/2012
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Prospect House Successes Refinance of 109 bed ALF with
affordability component
Challenges Extensive coordination between MA DEP,
EPA and HUD.
