Senior Housing News May 28, 2024
Lending for new senior living projects remained muted in the fourth quarter of 2023 as broader macroeconomic factors continued to dictate lending activity.
Permanent financing for senior housing and nursing care has “remained inconsistent” across various lending categories, reflecting lingering challenges, including stricter lending standards, wider bid-ask spreads, and lower loan proceeds.
Despite those challenges, there was an increasing pace of loan underwriting applications approved in the fourth quarter of last year.
“This suggests that while challenges exist, there is continued interest in lending to the senior housing and nursing care sectors, with lenders adjusting strategies to navigate the current market conditions,” wrote NIC Principal Omar Zahraoui in a recent blog post about the report.
The report reflects the contributions...
Today's Sponsors
Today's Sponsor