INNOVATIVE SOLUTIONS.

Value Proposition

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.

Operator Benefits

  • 100% of Capital Stack

  • 100% of Project Cost

  • No Equity Requirements

  • Flexible Underwriting

  • Bridge to HUD / Agency Financing

  • Defined Buyout Options

  • Programatic Opportunity

Typical Lease Terms

  • 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

Project Costs Include

 

  • Land, Hard Costs & Soft Costs

  • FF & E Costs

  • Development Fees

  • Contingency & Interest Reserves

  • Closing Costs

Terminal Values

  • 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 

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