Heritage Manor Nursing & Rehab Center LLC
Fahim Uddin purchased and rehabbed an old building in Detroit in order to convert it into a skilled nursing home. Mr. Uddin, who has over twenty years experience in health care, utilized MCDC/SBA for three separate skilled nursing projects in the Detroit area. This facility is a 122 bed skilled nursing home certified for both short-term rehabilitation and long-term care.
The SBA 504 Loan Program assisted Mr. Uddin and JPMorgan Chase in the purchase of the real estate and equipment with a small down payment and a long term fixed rate of 4.53% on the SBA loan amount.
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Financing Provided & Structured Through: Michigan Certified Development and US Small Business Administration