Assisted Living, Residential Care Homes, Retirement and Group Homes in Arizona
Contact Jeffrey Masich, Realtor for more information about selling an existing residential care home, assisted living home, group home or purchasing a residential care home, assisted living home, group home or information for children and parents when 24 hour home care is needed. If selling an assisted living or residential care home, confidentiality is important and Jeffrey Masich, as an MBA and Realtor can help a Seller.
If a Buyer wishes to acquire their first Residential Care or Assisted Living Home or another Assisted Living home, Jeffrey Masich can review several different options and alternatives.
Jeffrey Masich
HomeSmart
10601 N. Hayden Road, Suite I-100
Scottsdale, Arizona 85260
480-242-6500
JeffMasich@ArizonaHomesLand.com
Many licensed Assisted Living homes for sale are sold on a private non listed basis or under a submerged address as the businesses are ongoing. These businesses are usually shown only to 'qualified buyers' that have revealed to the Seller their cash purchase capability or financing available to make a purchase. Sellers usually do not want non qualified buyers walking through their facility. Usually a lender will require at least 25% down payment or more to make a purchase of an ongoing business. A Buyer should be prepared to reveal their purchase capability to Jeffrey Masich before getting started at reviewing properties.
Jeffrey Masich, Associate Broker, specializing in assisted living, retirement and group homes for sale or purchase in Arizona
Jeffrey Masich, Realtor, MBA can assist with Selling or Purchasing an Assisted Living Home
Purchasing an Assisted Living Home
From time to time there are vacant licensed facilities that have become available, although this is not as common.
If you are interested in acquiring a home that may be suitable for assisted living and obtain your own license, see some senior group or various assisted living home possibilities for sale in Arizona now: Group Homes For Sale in Arizona
Acquiring a home and licensing it and staffing yourself is less expensive for a Buyer than purchasing an ongoing licensed facility with staff, residents and systems in place.
Three opportunities to purchase an Assisted Living Home with levels of expense:
1. (Least Expensive) Buy a home suitable for Assisted Living and license and start up by Buyer
2. (Mid Expense) Buy a vacant licensed Assisted Living home
3. (Higher Expense) Buy an active operational Assisted Living home
Jeffrey Masich would be pleased to help you in any of your Real Estate needs in Arizona.
Group Homes are retirement and assisted living homes where seniors can receive compassionate 24 hour care
Group Homes or Personal Care Homes
If your aging parents are at the stage of life where 24 hour care is needed, a senior group home is wonderful alternative to the institutional facilities. Group Homes often offer a home like feel, 24 hour staff, home cooked meals and private and semi private rooms. There are often common areas for TV, reading, or sitting by or in a garden. A place that feels like home. Visitors are welcome. The smaller number of residents also contributes to more individualized care and warmth.
Jeffrey Masich can help you as a buyer or seller of an existing group home facility.
Assisted senior living has many different names as follows:
Senior Group Home
Group Home
Assisted Living Home
Personal Care Home
Retirement Home
Alzheimer Care Homes
Memory Care Homes
Nursing Homes
These homes are regulated by the State of Arizona and require licensing and management by qualified licensed individuals.
Senior Group homes offer a home like bedroom, many with private bathrooms
Senior assisted care homes have full service kitchens and home cooked meals for residents
Senior and Alzheimer care homes often have private reflective gardens for seniors
Lenders for existing licensed Assisted Living Homes
Brigitte Corey VP/Business Development Officer Pinnacle Bank 9903 E. Bell Road, Suite 110 Scottsdale, AZ 85260 (480) 815-4706 Direct (480) 245-6456 Fax bcorey@pinnaclebankaz.com www.pinnaclebankaz.com
Or
Arash Kouhi Wells Fargo Bank, N.A. Business Development Officer 100 W. Washington Street, 21st Floor Phoenix, AZ 85003 MAC S4101-210 Tel 480-828-6314 Fax (866) 674-3921 Arash.Kouhi@wellsfargo.com
Or
Horace E. Shuman, VP Cornerstone Financial Services 1200 Ashwood Parkway, Suite 125 Atlanta, Georgia 30338
horace.shuman@cornerstonefinancialsvcs.com
770-250-1925 x 315 (office) 770-250-1926 (fax) 404-401-8207 (cell)
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