25 inspection, 25 closing, 1 loan.

Congrats on submitting that offer and perusing Senior living, either for you or your client.I have been involved in the purchasing process for several senior living facilities, and work closely with a few people who operate RCFE, sober living, and similar types of properties.From what I have learned, the most important thing to keep in mind when purchasing RCFE properties, is that you are also purchasing a business.

The area is very desirable, great schools, restaurants, shops and major airports close by. 12 mins from downtown St.

There is one exception to this rule for VA borrowers, but it requires additional inspections to confirm the home is functional after having been moved more than once.There are some additional guidelines or requirements for the manufactured home itself that us lenders might have to satisfy prior to closing.

And thats for something close to original . 

In other words, you get $1.6 million in commitments and call for 37.5% at closing and the rest when it’s time to start construction.  

The original closing date was in Oct 2022.  

Utilized a low down payment loan, maxed seller credit, tax proration and closed on the 1st of the month to maximize my cash and acquire this property What was the outcome?

I live in the city / brickell in a high rise where it's close to transportation.

Overall, the market continued to slow with the fewest closed sales since 2016.