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Sarcoxie Nursing Center
Owners sought to slow down and enlisted MIG to sell a 40-bed SNF. Lease-purchase overcame high interest rates.
Overview
A few partners who have been in the senior living and long-term care space for decades were looking to start slowing down and that lead to working with MIG on off-loading their MO SNFs.
Results
MIG was once again able to successfully vet through our MO buyer pool to get a small 40 bed SNF deal done. At the time of the sale, interest rates were at their peak and lease to purchases were a useful method to overcome the obstacles that come with such high debt costs.
Conclusion
Deals were extremely difficult to get done in the year 2022 because of the increased interest rates. MIG and our clients were able to get creative to find ways to get deals done while many were put on pause.
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