what to do with vacant nursing home with 28 rooms
I recently came across a vacant nursing home with brick exterior, pier and beam foundation
on half the property and slab foundation on the rest of the property. it comes with about 6 full bathrooms
laid through out the East, South, and West wings of the facility, about 5 half baths, one main kitchen area, and a pantry/
partial kitchen area. Can anyone specialize in this type of properties or maybe anyone out there who has dealt with similar deals
please share advice/tips, thank you all!
Look into Veteran housing
My kids' daycare facility is an old nursing home that was retrofitted.
There are lenders out there who specialize in such properties and do them far better than other lenders. These properties are used for a variety of businesses and one can get pretty creative. I've seen such used for convent housing, hospice care, day care, rehab centers, after school care, etc... there are some limits to what they can be used for, but good lenders are very flexible with these kind of spaces.
Cheers!