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Long-Term Care Lending
Whether you are a small, mid-sized or large health care business operator, FirstMerit Bank's Long Term Care Group is prepared to help you with financing to:
- Acquire senior housing properties or equipment
- Refinance senior housing properties,
assisted living or skilled nursing facilities
for better terms and use of equity
- Expand to add onto existing facilities
or construct new ones
Focus on your Business
At FirstMerit, you won't have to explain how your business works. Our Long Term Care Group is dedicated to meeting the financial needs of the healthcare industry. We also thoroughly understand the economic environment and its impact on your business.
Understanding your business also means having the banking services to help you grow.
For more information about our products and services, coantact Ken Sinha at (440)953-3613 or by email at Ken.Sinha@firstmerit.com.
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We offer:
- Commercial Real Estate Mortgages
- Construction Renovation and Leasehold
- Loans with competitive terms and rates
- Real Estate Acquisition and Term Loans
for new facilities purchase
- Equipment Loans and Leases
- Revolving Lines of Credit
- Asset-Based Lending to supplement
your conventional credit arrangement
- Letter of Credit facilities
- Bridge financing
- Government Assisted Programs
Areas of healthcare specialties:
- Nursing Homes
- Skilled nursing facilities
- Assisted living facilities
- Independent care facilities
- Acute care hospital systems
(for profit and not-for-profit)
- Outpatient care companies
- Physician group practices
- Dialysis centers
- Pharmacy operations
- Physical therapy operations
- Home health care
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