The new residential campus would introduce the first designed concept offering both independent and supportive living housing options.  The campus also provided a lot more amenities, including a commercial kitchen and dining hall for residents.  The entire site was located on a 22-acre parcel with plenty of greenspace and areas for outside activities, including biking, gardening, sports, and social gatherings.

Nurture Capital partnered with Beckel, taking over development and capital planning of the project. The combined efforts resulted in tremendous annual cost savings over traditional commercial lending utilizing government guarantees and private foundation grants. The $20.4M dollar project was able to retain property tax exemption benefits and to leverage local, eligible cost saving programs.

Beckel benefited through:

• 40-year government-backed mortgage

• Estimated $300,000 annual rent savings

• Building materials cost savings

• $85,000 annual real estate tax exemption

• Optional fixed-rate cap on debt service

• Operation and FFE funds wrapped into loan adding another revenue stream