Skilled Nursing News December 26, 2024
Construction lending in the nursing home sector remained “virtually nonexistent” with no activity in the first half of the year among lenders, highlighting a continued lack of momentum in this area.
A high cost of borrowing and uncertainties around operational challenges further constrain new development, according to a report recently published by the National Investment Center for Seniors Housing & Care (NIC) on lending trends. The question of whether operational challenges will abate in the new year affected delinquency rates, loan volume and short-term lending, in addition to construction loans, NIC found.
Delinquency rates for nursing homes saw a continued rise for three consecutive quarters, reaching 2.7% in 2024. That’s up from 0.6% in late 2023, according to the report....
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