The update honed in on what Ziegler called a concerning but “unnoticed” trend: the consolidation of banks and other lending institutions that many senior care organizations turn to for loans.
“While there is no single data source that tracks all lenders or senior housing and care loans, the majority of loans of any size originate from approximately 115 different banks and lending institutions across the country,” report authors stated.
Instead, they often leave credit decisions to local and regional decision makers and to teams better versed in commercial, industrial or not-for-profit specialties.
A proud journalism graduate of the University of Maryland, Kim started her career as a daily newspaper reporter and has always been drawn to stories involving children and seniors .