Definition:
Rooming House Financing typically refers to financing provided to facilities that provide rental rooms housing combined with supportive services to elderly residents who have incomes at 80% or less of the area’s median income. Generally, seniors at the upper end of this range (50 to 80% of median income) have enough income to support themselves when healthy, but would spend down their assets quickly if forced by frailty to enter a nursing home. Those at the lower end of this range (under 50%) may already qualify for Medicaid, and may currently reside in subsidized housing or in a home that has been paid for. Should this group become frail, they would have few choices other than placement in a nursing home. Rooming House Financing can be obtained through conventional methods utilizing the property as collateral or through an Angel Investor who has particular interest in this need for seniors.
The Problem:
Obtaining Rooming House Financing can be very time consuming and difficult.
The Solution:
Let the IRA Network utilize their extensive Database of Funding Resources to assist in securing Rooming House Financing for you.
Funding Range:
$50,000 – $1,000,000
Understanding Your Needs:
The IRA Network understands the need for Capital Funding NOW. We know that the harder it is to obtain capital and the longer it takes the easier you can be discouraged from realizing your dreams of opening a business or expanding your existing business.
We Can Help!
The IRA Network specializes in both Conventional and Hard to Fund projects that require a creative funding approach. IRA has created a unique relationship between entrepreneurs and investors. In order for us to determine how we can assist you in finding the right investor relationship for your project, please fill out the following. To analyze the information properly, we have asked specific questions regarding your business and/or project. The IRA Network understands entrepreneurs are traditionally risk-takers and usually have put their own credit and finances at risk, hurting their credit.
Please be advised that your answers to the questions regarding your credit and finances have no bearing on whether or not we take you on as a client, but rather serves as an aid in analyzing your total situation and in developing the right funding strategy. Additionally, if you don’t know an answer – don’t worry – this isn’t a test.
After one of our analysts has had an opportunity of review you responses, we will get back to you to evaluate your project and establish a plan of action.
Funding Pre-Qualifier – Let the Professionals take care of your capital needs!!!
