In an article published on Law360.com titled “Banks Face Steep Learning Curve In Targeting Senior Housing,” Simon Adams of Reed Smith’s Real Estate Practice Group comments on the complexities banks face with senior housing project lending, a financing area new to major banks. The article addresses issues specific to senior housing, triggered by an announcement by Wells Fargo that it is forming a unit dedicated to this market segment.
“It is very encouraging to see a major lender take the approach and develop a team to support the senior housing market by creation of a specialist business group,” Simon T. Adams of Reed Smith LLP states. “There should be benefits to lenders that develop a good understanding and train a team that can provide a seamless solution to developers and operators of senior housing to capitalize upon a growing market that has continued strength.”
The full article can be read here.