Find golden opportunities in seniors housing working with our specialists
Smart-risk lending solutions for retirement housing owners and developers.
An aging population and longer life expectancies are boosting demand for various forms of retirement housing and BizMoney is in the business of financing this vital form of shelter.
As empowered advisors, we provide smart-risk solutions, both insured and conventional, to property owners and developers across the country.
Retirement housing assets we finance:
In general, retirement housing refers to assets that provide accommodation and care services to people aged 65 and up. The level of care services and assistance with acts of daily living (ADLs) increases with the care required by residents.
Throughout our history of lending across Canada, we have amassed significant experience in lending to these asset types:
- Independent Living – apartment style with kitchens; may be part of a community that offers services for a fee such as dining, social/fitness activities, housekeeping/laundry services and personal care
- Independent Service Living – meals are provided along with housekeeping/laundry services, activities, and some lighter level of personal care such as medication administration and bathing assistance, with a 24-hour emergency response system
- Assisted Living – involves similar services to Independent Service Living but also focuses on the provision of care services to aid with ADLs, as required, and typically provides 24-hour nursing care
- Long-Term Care – typically a provincially funded service, providing an environment with 24-hour nursing care
Dedicated professionals who get deals done
We leverage our transactional experience across geographies, investor profiles, and seniors housing investment vehicles to provide a full-service solution. We stay ahead of industry trends. Our in-depth knowledge of facility requirements ensures the certainty of execution for your financing and sales needs.
Structure multiple options with our Senior Housing Financing
CMHC Financing
At BizMoney we are experts in securing insured financing that offers lower interest rates, higher loan-to-value ratios, and longer amortizations. An insured mortgage enables borrowers to manage cash flow more effectively and realize higher investment returns.
Standard Financing
BizMoney’s standard financing programs are favored by borrowers when acquiring a new property or refinancing an existing building. Loan terms typically range from three to five years, have a fixed interest rate, and are closed to prepayment for the term’s duration.
Bridge Financing
BizMoney’s bridge loan terms usually range from three months to three years, include floating interest rates and allow some form of early prepayment. Borrowers choose this solution until standard financing is secured or while they contemplate a property sale, a change in ownership structure or enhance their tenant roster.
Secondary Financing
A BizMoney second mortgage enables borrowers to access property equity and use it to purchase another asset or renovate/repair their existing property.
Asset Repositioning
BizMoney enables owners to access a property’s equity for a short term, typically two years or less, to fund capital improvements or repairs without the need to raise capital from personal sources or less flexible, higher-cost alternatives.
Construction financing
A BizMoney construction loan, whether CMHC insured or conventional, provides funds to cover the cost of building or rehabilitating a multi-family property with terms typically of three years or less.
Our Motto
Fast and Streamlined Senior Housing Financing
We understand that our clients need to work fast and efficiently in order to stay ahead of the game. That’s why we’ve designed our Senior Housing Financing process to be as fast and streamlined as possible. Here’s what you can expect when you apply for Senior Housing Financing with BizMoney:
1. Fill out our online application form
2. Provide any necessary documentation
3. Receive a customized funding solution
At BizMoney, our goal is to make Senior Housing Financing as accessible and hassle-free as possible, so that you can focus on what matters most – growing your business.
Seniors housing specialties
By working with accredited agents, we provide you with premium commercial real estate financing at the most competitive rates.
Work with our licensed agents to secure competitive commercial real estate financing. Get in touch by filling the application and start your Journey now.
Our network of trusted professionals ensures that you receive the best possible rates and terms tailored to your specific needs.
Access the equity you’ve built in your home for other financial priorities including renovations, investments, debt or family obligations.
If you wish to renew your mortgage. Contact our Mortgage expert today to get the quote of your mortgage Renewal.
