FHA Healthcare Success Stories

Arbor Living 232 New Construction

Lakewood, CO

2

3 3

Arbor Living Loan Amount

$17,853,500

Date Closed 5/4/2009

4 4

Arbor Living Successes New Construction of a 108 unit SNF &

Transitional Care Facility (54 SNF / 54 TC) Incredible Cash Flow over 1.60x DSCR

Challenges Site Selection – sought help of

appraiser/market study vendor Non-traditional design – 2nd story

designed for those recovering from acute hospitalization related to surgery or medical conditions

Memory Care at Seven Lakes

232 New Construction Loveland, CO

5

6 6

Memory Care at Seven Lakes Loan Amount

$7,310,000

Date Closed 6/15/2011

NorthMarq Producer

Paul Bruder - Denver

7 7

Memory Care at Seven Lakes Successes New Construction of 48 bed MC/ALZ

facility Quick lease-up with excellent cash flow

Challenges Only level of care given was memory care Wetlands issue – 8-step process

Park Regency 232/223f Refinance

Loveland, CO

8

9 9

Park Regency

Loan Amount $10,855,900

Date Closed

3/23/2012

NorthMarq Producer Paul Bruder - Denver

10 10

Park Regency Successes Refinance of 110 bed ALF (17 IL beds -

15.45%) Incredible cash flow with 2.08x DSCR

Challenges New project with limited operating history

(mitigated with strong sponsorship and management)

Prospect House 232/223f Refinance

Revere, MA

11

12 12

Prospect House Loan Amount

$9,595,400

Date Closed 11/27/2012

13 13

Prospect House Successes Refinance of 109 bed ALF with

affordability component

Challenges Extensive coordination between MA DEP,

EPA and HUD.