A S S I S T E D L I V I N G R E A L E S TAT E D E V E L O P M E N T C H A R T w w w. n c b c a p i t a l i m p a c t .

o r g
Concept & Feasibility Phase Feasibility Phase Financing Phase Construction Phase Operation

Refine Project
MARKETING Characteristics Detailed
Identify Marketing Strategy Market facility to
Market Create market plan and timeline Implement marketing plan
Preliminary AL Marketing Checklist potential residents
Market Scan Study

Identify required governmental actions

Select/ Planning
Option Site Zoning Secure planning, zoning and other local approvals
Other approvals

Architectural
Package Working Hire General Bid & Execute Secure all Cash draws Construction
ARCHITECTURAL & Footprint Construction Begin Certificate of
Refine Architectural drawings Drawings Contractor & Negotiate construction punch lists OPENING
Evaluate Site Site Design necessary Construction based upon Occupancy
DESIGN Include financing and grant design requirements Architectural Construction Specs construction (progress & review)
Identify Architectural contract permits draw
Cost Estimates Mechanical Manager contract
concept and Legal schedule
goals/ AL Design Checklist
objectives of
project
Identify development Environmental, Geotech,
Local government
team & Appraisal
code inspection

FINANCE

Identify/obtain Rough pro ID sources of Refine pro Test Cost Assumptions Detailed Financials Negotiate financing Arrange Financing approvals & Close on
Detailed Applications for Negotiate tentative or
predevelopment forma public/private forma based Operating Proforma agreements; Financing construction Lender Close on
Feasibility conditional commitments Development credit underwriting
financing estimates financing on Sources and Uses Funding inspections permanent
Analysis Proforma secure Terms (grant and debt) financing
& receive grant awards
(grant & (Revenue & (equity and architectural, (May require 3rd party) construction financing
Operating
equity) Expenses) debt) market, and and permanent
Proforma
ID process & site estimates financing
timeline

ASSISTED LIVING OPERATIONS

Meet with State Develop Identify team Execute Develop operating Begin State Begin certification Hire Hire staff and State Publicity Lease up Owners
Identify service Outline service/ Identify staffing
Medicaid agency management plan members; management policies and AL licensing process for State administration train to assist licensing event for period/ Responsibility
partner (sponsor management thresholds
& licensing office define roles plan procedures process Medicaid Plan and marketing residents to inspection & grand resident Manage facility
or other) concept
staff apply for certificate opening move in Compliance
eligibility Pay mortgage

ORGANIZATION DECISION AL Staffing Checklist ORGANIZATION DECISION ORGANIZATION DECISION

GO OR NO GO AL Health-Related and Medication service checklist GO OR NO GO GO OR NO GO

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