ID#035629   Approximated Beds/Units:   55    Location:  Cambridge

Another firm is pleased to introduce a cash-flowing Assisted Living Opportunity. It is 93% occupied, +/-50 unit/55 bed Assisted Living and Memory Care community in Ohio, an hour from Columbus. The community is already enrolled in the Ohio Assisted Living Medicaid Waiver program which realized a recent rate increase. There are currently 23% Med Waiver and the remaining 77% are Private Pay. While the community is older original construction, it has been well maintained and includes an attractive, assumable HUD debt balance of $3,585,000. Interest rate is only 2.29% +MIP. Cash-on-Cash 12.2% and a 15.4% return including principal reduction. Equity Requirement Approximately $2,111,000.