From The Magazine

Loans to build new seniors housing are smaller and more difficult to find, but projects are still coming out of the ground

When Mike Taylor, now with First Midwest Bank, first entered the seniors housing sector 13 years ago, he joked to friends that he was in the “sexy senior living space.” Fast-forward to today, and his comment has proven to be more prophetic than he probably could ever have imagined. 

Higher lending caps for the two government-sponsored enterprises, plus a pullback in real estate financing by banks, strengthens their position