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01-20-2015, 10:49 AM #1Member
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Assisted Living Facilities
Anyone aware of any Lenders that consider Assisted Living Facilities?
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01-20-2015, 10:57 AM #2Senior Member
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Industry has been full of default/fraud recently
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01-22-2015, 11:08 AM #3Member
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ProMED Healthcare Financing would be a perfect fit. Contact James Graydon at 631-468-6325
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01-22-2015, 12:40 PM #4Member
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PM Sent.
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01-22-2015, 12:57 PM #5Senior Member
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These accounts are nothing but problems for one reason and that is the fact that all their revenue is government issued. Social Security, medicaid, medicare - invoicing issues leads to cash flow issues, and at the end of the day when they default, a lender can not seize receivables when they are govn't issued.
Originally Posted by cjbreaux33
Anthony Diamond
Underwriter
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