ANZ Aged Care & Retirement Living provides commercial banking financial services to aged care and retirement living providers.
ANZ's Aged Care & Retirement Living industry team has a strong understanding of the evolving conditions within the aged care industry through their close association with industry bodies:
- Aged and Community Services Australia (ACSA) - ANZ is the only bank to be a national partner to ACSA;
- Aged Care Association Australia;
- The Retirement Village Association.
Our national network of industry specialists can help with:
- Funding acquisitions or building new independent aged care and retirement living units and aged care homes;
- Refurbishment of older villages and aged care homes;
- Land banking for future expansion and aged care approval rounds;
- Structuring your financing according to the different requirements of the public, private and not for profit sectors;
- Finance structures that recognise the value of deferred management fees and accommodation bond flows;
- Banking solutions to assist in meeting an operator's statutory requirements for accommodation bond liquidity.
Our Aged Care and Retirement Living specialists will work with you to develop a holistic banking solution, featuring:
- Flexible terms
- Lending against the going concern value of an existing business and the projected going concern value of a new business
- Short-term liquidity requirements and investment opportunities
- Leases for vehicles and equipment (including beds)
- Liquidity lines for accommodation bond redemption
- Transaction banking arrangements which minimise administration time in collecting resident receipts and government funding.
To learn more about ANZ's expertise in aged care and retirement living, please call:
Bill Mitchelmore
National Associate Director, Aged Care
+61 3 9273 0032
This product/service is suitable for businesses of all sizes.