Supported Living Accommodation Development Funding
October 6, 2020
Supported Living...
This is where an individual, with learning difficulties or autism for example, rents a self contained apartment in a small complex with a carer on site. Examples of this could be a small commercial property such as a former Public House may be converted into 9 self contained apartments with communal areas for socialising.
In such circumstances it may be possible for a long term institutional investor to fund the purchase of the commercial property and the build out. This means the developer has no capital outlet. The profit margin to the developer is not as high as it would be for a speculative build out project but of course by forward funding the supported living project there is no risk at all to the developer.