Dive summary:
- CapitalSource and its banking arm have a new financing program targeted at owners of skilled-nursing facilities who want to upgrade, renovate replace their businesses to meet the needs of an aging population in the U.S.
- Builders have seen an increase in demand for active-adult communities, but not all aging baby boomers are able to hit the tennis court, hiking trails or dance floor, and they will need accommodations to meet their needs, often with skilled nursing services.
- The Los Angeles-based company estimates the general size of a project might be $2 million to $4 million during a project that could take up to two years.
From the article:
"The need for substantial renovation or replacement of skilled-nursing properties is currently very strong, and we expect this trend will continue to increase for the foreseeable future. ..."
