Conclusion <<Provide narrative discussion of conclusion and recommendation. For example, lender’s has demonstrated an acceptable credit history and sufficient experience owning and “XXXXX operating this and other facilities. The lender recommends this principal as an acceptable participant in this transaction.”>> New Operator (if applicable) Name: State of Organization: Date Formed: Termination Date: FYE Date: Key Questions Yes No Will the new operator currently own/operate any assets other than the subject property or participate in any other businesses? . Will the new operator contract out nursing services other than temporary staffing through an agency and/or contracting for ancillary services (e.g., therapies, pharmaceuticals)? Has the new operator been delinquent on any federal debt? Is or has the new operator been a defendant in any suit or legal action? Has the new operator ever filed for bankruptcy or made compromised settlements with creditors? Are there judgments recorded against the new operator? Are there any unsatisfied tax liens? <<For each above, provide a narrative discussion on the topic describing the risk “yes” answer and how it will be mitigated. >> Organization <<Provide organization chart and narrative, as applicable. >> Experience/Qualifications <<Provide narrative description of new experience and qualifications. Discussion operator’s should highlight direct experience and involvement in other HUD transactions, if any. This section should clearly demonstrate that the new operator has the expertise to successfully operate the facility.>>
Conclusion <<Provide narrative discussion of lender’s conclusion and recommendation. For example, “XXXXX has demonstrated an acceptable credit history and sufficient experience owning and operating this and other facilities. The lender recommends this principal as an acceptable participant in this transaction.”>> New Operator (if applicable) Name: State of Organization: Date Formed: Termination Date: FYE Date: Key Questions Yes No Will the new operator currently own/operate any assets other than the subject property or participate in any other businesses? . Will the new operator contract out nursing services other than temporary staffing through an agency and/or contracting for ancillary services (e.g., therapies, pharmaceuticals)? Has the new operator been delinquent on any federal debt? Is or has the new operator been a defendant in any suit or legal action? Has the new operator ever filed for bankruptcy or made compromised settlements with creditors? Are there judgments recorded against the new operator? Are there any unsatisfied tax liens? <<For each “yes” answer above, provide a narrative discussion on the topic describing the risk and how it will be mitigated. >> Organization <<Provide organization chart and narrative, as applicable. >> Experience/Qualifications <<Provide narrative description of new operator’s experience and qualifications. Discussion should highlight direct experience and involvement in other HUD transactions, if any. This section should clearly demonstrate that the new operator has the expertise to successfully operate the facility.>>
92266_ORCF.DOCX