INNOVATIVE SOLUTIONS.

Value Proposition

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Propcovest provides operators and developers a funding solution to build and operate new senior housing projects. Our “lease-to-own” program has no equity requirements and will fund 100% of the capital stack.

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Operator Benefits

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• 100% of Capital Stack

• 100% of Project Cost

• No Equity Requirements

• Flexible Underwriting

• Bridge to HUD / Agency Financing

• Defined Buyout Options

• Programatic Opportunity

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Typical Lease Terms

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• 15 Year NNN Lease 

• Rent Commencement - Negotiable up to 12 months after Certificate of Occupancy

• 8.00% - 9.00% Rent Constant of Project Costs

• 2.00% Annual Escalations

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Project Costs Include

• Land, Hard Costs & Soft Costs

• FF & E Costs

• Development Fees

• Contingency & Interest Reserves

• Closing Costs

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Terminal Values

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• Months 1-24:         Project Cost x 1.125 

• Months 25-36:      Project Cost x 1.15 

• Months 37-48:      Project Cost x 1.20

• Months 49-60:     Project Cost x 1.25 

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All terms and conditions subject to change and customized programs on a case-by-case situation.

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