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
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100% of Capital Stack
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100% of Project Cost
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No Equity Requirements
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Flexible Underwriting
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Bridge to HUD / Agency Financing
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Defined Buyout Options
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Programatic Opportunity
Typical Lease Terms
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15 Year NNN Lease
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Rent Commencement - Negotiable up to 12 months after Certificate of Occupancy
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8.00% - 9.00% Rent Constant of Project Costs
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2.00% Annual Escalations
Project Costs Include
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Land, Hard Costs & Soft Costs
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FF & E Costs
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Development Fees
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Contingency & Interest Reserves
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Closing Costs
Terminal Values
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Months 1-24: Project Cost x 1.125
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Months 25-36: Project Cost x 1.15
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Months 37-48: Project Cost x 1.20
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Months 49-60: Project Cost x 1.25
All terms and conditions subject to change and customized programs on a case-by-case situation.