Managing a seniors housing construction project is a complex process, and property owners may find it difficult or overwhelming to ensure that their construction budget is being used effectively and efficiently. In an effort to prevent excess billing and to keep project budgets on track, many owners are turning to independent third-party experts to conduct construction audits.
Industry Voices
Leumi has a basis in social and political history that few other business institutions can match. The bank was founded in 1902 as the Anglo-Palestine Co. in London, intended to be the financing arm of the Zionist Organization seeking to establish a home for Jews in the Middle East.
Love Funding has been lending for over 30 years, but the past eight have marked a shift. FHA and HUD lending has always been a hallmark of the company, which offers refinance, construction and acquisition financing programs for multifamily and affordable housing, as well as senior housing/healthcare facilities and hospitals. But in 2007, the company decided to play to their strength and focus solely on government-backed loans.
What began as a daunting, seven-month strategic planning process for David Schless, president of the American Seniors Housing Association (ASHA), turned out to be an “incredibly rewarding” experience for him. More importantly, the newly unveiled five-year strategic plan will position ASHA for even greater effectiveness in the long run, says the veteran executive.