Adequate Accommodations
Posted By cls on April 12, 2010
As I sit on the beach in Delray Florida, I can’t help but notice the massive amount of retirees who dwell here. My family had lunch at a local restaurant and there was a group of retired men huddling in the back. It must have been at least 20 of them, laughing and joking around. My oldest daughter said “mommy, it must be a granddaddy party going on back there.”
I read somewhere (amongst all the demographic research) that by the year 2020, 1 out of every 5 individuals will be age 65 or over. Those numbers are astonishing to me. So the next viable question for a Commercial Mortgage Broker like me to ask is, “will there be adequate accommodations?” Adequate is the key word here!! Let’s face it, the baby boomers are not their parents. Gone are the days where you send mom to an assisted living facility and the highlight of her week is a visit from her grand kids. Sure the baby boomers love their grand children but they have lived and will continue to live a very active and viable lifestyle.
CLS is focusing our attention on providing debt and equity financing solutions for the purchase, renovation and construction of Assisted Living Communities.
With the implementation of the HUD 232/FHA Lean Program, CLS is confident that we are able to overcome the challenges of today’s market.
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