The Challenge
Property acquired as part of a portfolio of defaulted HUD loads
Regulatory distress
Physical plant challenges
Assisted living management concerns
How We Helped
The Long Hill Company served as receive for the troubled assisted living campus. The property was at risk of losing its licenses, placing asset value in jeopardy. We presented GE Capital with an exit strategy that involved a new company (501(c)3) and seller/equity financing plan and ultimate third-party sale.
The Results
Strategic plan to exit GE Capital in less than one year
Achieved tax-exempt status
Investments made to the physical plant
Doubled census
Refinanced through HUD
Third party sale and debt assumption resulting in ROI of more than 50%