Essential Steps to Get Investors for Your Assisted Living Facility | Preparing for Assisted Living Construction Success - Ep 72

Assisted Living Investing

Are you struggling to get investors to commit to your assisted living project? Brett Chotkevys shares a powerful approach that can make all the difference: reaching a shovel-ready state through a takedown loan. In this video, Brett walks through how this strategy works step-by-step, from securing a short-term loan to finalizing plans, permits, and appraisals. Each component plays a key role in reducing investor risk, building confidence, and maximizing your control and equity in the deal.

With the takedown loan strategy, you can secure the property first, allowing time to finalize essential steps without waiting for an investor’s upfront commitment. Brett explores multiple financing options to get started, including seller financing, hard money, and local bank loans, and illustrates how each part of the process, from market research to hard bidding with your builder, can create a complete, ready-to-build project package. By reaching a shovel-ready state, you’re showing potential investors a well-prepared, low-risk opportunity, which puts you in the strongest position to negotiate terms that protect your equity and control.

In the video, Brett details what it means to be shovel ready, including steps to secure a takedown loan for assisted living construction, using plans and permits to give investors the assurance they need, and determining when to seek investor commitments. By securing these elements in advance, you create a structured, clear plan for your assisted living facility that is primed for investor involvement.
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Intro Music by Alex_Kizenkov via Pixabay