Details - Information last confirmed on February 8, 2021
The values of these four wonderful assisted living homes reflect the extreme upscale nature of the facilities, the highest monthly, private-pay rates that can be found in Arizona, and the ASSIGNABLE/ASSUMABLE and NON-RECOURSE pending 35 YR FIXED HUD mortgages for three of the homes, which the seller has in process. The fourth home already enjoys a similar HUD mortgage. All numbers herein are seller provided, 12 month, post closing of the pending HUD mortgages, and pro-forma. Based on Pro-Forma estimates contained herein, this listing is an opportunity for a Buyer to earn a Cash-on-Cash (Owner's Cash Flow vs cash required to close in excess of assumable mortgages) return which approximates 26%, with a monthly reduction of debt and a corresponding increase in equity in four pieces of first-class real estate, while performing the noble work of caring for people who are nearing the end of life.
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