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Our housing programs and solutions help residential service providers. Scioto’s housing programs and solutions help residential service
providers eliminate the financial burden and barriers of purchasing and
owning community based homes. We offer comprehensive housing solutions
to support you in every aspect of community housing. Scioto’s
housing service finds and purchases homes whenever or wherever your
organization
may need them. Our customers who provide residential service describe
the benefits of our service best.
Initially
I received a letter from Scioto explaining the company’s
business of purchasing group homes from providers and leasing
the homes back to the
provider, enabling the provider to pull the equity out of a facility. I
filed the letter,
not needing the service. Then an opportunity for expansion of my business
arose and I was discouraged by my traditional banker from seeking
a conventional
loan due to the nature of our business and the assets available as collateral.
In
a short period of time I was able to get appraisals on 27 individual homes
and by selling them to Scioto at the appraised value I was able to acquire
enough
capital for my expansion. Scioto provided us with valuable flexibility in determining how to utilize
our financial resources. The solution offered by your company makes short and
long
term sense. We are now able to reinvest available cash in the areas that are
best for the company. Financing future expansion will also be more feasible
as start up costs for new homes will no longer be prohibitive. I am always happy to help your company in any way I can. Your role in Tennessee
is critically important to ensure quality housing for the disabled. We had difficulty in finding new homes due to time constraints and several other
reasons. Working with Scioto has eliminated these issues and made getting into
a new home as easy as a phone call. |
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