Skilled Nursing as Is – Private Pay In addition to an analysis of the rent roll, the appraiser and underwriter analyzed the subject’s private pay rates at X comparable facilities. A summary of their analysis is provided below. Private Pay Rates Comparability Analysis (Double click inside the Excel Tables to add information) <<Provide narrative discussion of private pay rate conclusion. Discuss how the rate conclusion compares to the achieved rents shown on the rent roll. Expand or shorten the table above as needed to accommodate the types of rooms or the number of comparables used. Additional analysis can be provided at the option to support its conclusions, as appropriate. Lender’s Identify any modification from the rent and provide justification. >> appraiser’s concluded Medicare Daily rate Underwriting: $ Appraisal: $ – historical average Time period of Subject’s RUG Rate: $ quoted average: <<Identify any anticipated changes to the reimbursement rate. Provide narrative discussion of conclusion. For example: appraiser provided a detailed Resource Utilization Group “The (RUG) rate analysis of the operation over the last 12-month operating period. The facility’s analysis concluded a weighted average Medicare rate of $XX PRD. The RUG Rates used to determine the average rate are based on the <<DATE>> rates. The underwriter concurs with the appraiser’s conclusion.”>> Medicaid Daily Rate Underwriting: $ Appraisal: $ – Published Rate: $ Date of Rate <<Provide narrative discussion of the state’s reimbursement system and how the subject’s or rate is determined. If rate is facility specific, discuss evidence of current or prospective tenant’s rate. If rate is based on resident care requirements, provide an analysis of the last 12-months of rates for this payor source, as appropriate. Identify and discuss any other sources or copayments that are required, e.g., Supplemental Security Income (SSI). Identify any anticipated changes to the reimbursement rate, such as when rates are tied to depreciating capital components .>> Veteran’s Administration (VA) Daily Rate Underwriting: $ Appraisal: $ – <<If applicable, provide narrative discussion of how the rate is determined. Discuss review of evidence (e.g., rate letter) or historical precedent for the underwritten rate. >>
Skilled Nursing – as Is Private Pay In addition to an analysis of the subject’s rent roll, the appraiser and underwriter analyzed the private pay rates at X comparable facilities. A summary of their analysis is provided below. Private Pay Rates Comparability Analysis (Double click inside the Excel Tables to add information) <<Provide narrative discussion of private pay rate conclusion. Discuss how the rate conclusion compares to the achieved rents shown on the rent roll. Expand or shorten the table above as needed to accommodate the types of rooms or the number of comparables used. Additional analysis can be provided at the Lender’s option to support its conclusions, as appropriate. Identify any modification from the appraiser’s concluded rent and provide justification. >> Medicare Daily rate – Underwriting: $ Appraisal: $ Subject’s historical average RUG Rate: $ Time period of quoted average: <<Identify any anticipated changes to the reimbursement rate. Provide narrative discussion of conclusion. For example: “The appraiser provided a detailed Resource Utilization Group (RUG) rate analysis of the facility’s operation over the last 12-month operating period. The analysis concluded a weighted average Medicare rate of $XX PRD. The RUG Rates used to determine the average rate are based on the <<DATE>> rates. The underwriter concurs with the appraiser’s conclusion.”>> Medicaid Daily Rate – Underwriting: $ Appraisal: $ Published Rate: $ Date of Rate <<Provide narrative discussion of the state’s reimbursement system and how the subject’s or tenant’s rate is determined. If rate is facility specific, discuss evidence of current or prospective rate. If rate is based on resident care requirements, provide an analysis of the last 12-months of rates for this payor source, as appropriate. Identify and discuss any other sources or copayments that are required, e.g., Supplemental Security Income (SSI). Identify any anticipated changes to the reimbursement rate, such as when rates are tied to depreciating capital components .>> Veteran’s Administration (VA) Daily Rate – Underwriting: $ Appraisal: $ <<If applicable, provide narrative discussion of how the rate is determined. Discuss review of evidence (e.g., rate letter) or historical precedent for the underwritten rate. >>
9006_ORCF.DOCX