Seeking Advice from Lenders: Financing for Community Living Home

[Frank Pyle]

We are planning to purchase a home and convert it into a community living space for people in recovery. Has anyone here had experience with this type of project?

It was suggested that we create an operational company that will lease rooms to individuals in recovery. This operational company would have a 1 to 2 year lease agreement with the property owner. Our goal is to establish a structure where the property owner can secure financing based on the long-term lease with the operational company.

Any advice or insights from those who have navigated similar situations would be greatly appreciated!