Company seeks project finance for a fully entitled 98-120 unit independent community for seniors.
-Marketing Objectives:
• To obtain a 5% monthly increase in customer base.
• To achieve nationwide publicity of the business brand.
• To ensure online followership of business brand.
Statistics.
It further revealed that a resident in an assisted living community in California will pay $4,500-5,000 per month on average.
-Minimum IRR of 20% and COC return.
-An excellent opportunity to build at least 98 currently approved and up to 120 homes on a beautiful 2.2-acre level parcel in the quiet Hilltop neighborhood. The incredible location offers sweeping views of the North Bay and overlooks a natural canyon. Currently approved plans provide a mix of 3, 2, and 1-bedroom homes; which all units would safety proofed and equipped to fit the lifestyles of all tenants.
• CCR rates (per month)
O Classic studio. $4,350.
O Alcove studio $4,550.
O Traditional one bedroom $4,850.
O Classic two-bedroom $5,500.
O Supreme two-bedroom $5,500-10,000.
(Rates are not set, they are conservative to the current market and are subject to increased change)
Private Independent Senior Living rates vary with regards to amenities, services, and living arraignments provided. Rates may range from $4,600-$5,500 seeing that more hands-on 24/7 care services are not being provided.
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