Recognizing the need of our aging population to live in communities that are supportive, stimulating of cognizant skills, and stable, Cedar has assisted with the financing of a number of Senior Housing communities that include Assisted Living, Memory Care, and Independent Living.
The principals of Cedar Ventures have worked with both not-for-profit and for-profit owners of Senior Housing Communities.
Additionally, Mr. Jackson, of Cedar Ventures, has operating experience in the Senior Housing sector. He has served as Interim CFO and Financial Consultant to Wesley Woods Senior Living, Inc. from February 2005 to November 2007 where he led the efforts to refinance the 25+ year old ILF communities using HUD financing and Low Income Housing Tax Credits, prepared operating budgets, capital needs assessments, and presented and reviewed acquisition and development opportunities. Prior to his position at Wesley Woods, Mr. Jackson worked for a company that owned and managed nursing homes and Senior Living communities.
Over the past ten (10) years, Cedar has assisted with eight (8) financings of Senior Housing communities. Financing products that Cedar has used to assess and finance these Senior Housing communities include:
We work with bond underwriters on these transactions, and have established relationships and rapport with institutional bond purchasers.
We think outside the box and are ready to tackle the issue of providing senior housing in a middle market/moderate income environment.
If you have a Senior Housing Community project that you would like to discuss, please contact us and send us the following information:
We are not siloed to a specific product as is the case with larger firms. The number of years that we have worked on financings, over 30, provides us a framework to be creative as we have ‘seen a thing or two’.