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Assisted Living Facilities Financing

Delivering customized bridge and permanent loan solutions for Assisted Living Facilities

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Assisted Living Facility Bridge Loan Program

Wilshire’s ALF FlexBridge^™ program delivers fast, flexible bridge capital for Assisted Living Facilities — combining the creativity of a boutique lender with the power of institutional execution on small balance bridge loans for regional owners and operators.

✔ Small Loan Focus – Below $10 Million
✔ Up to 75% LTC
✔ Value-Add / Opportunistic
✔ Unstabilized Properties
✔ Sub 1.0 DSCR considered
✔ Longer-Term Stabilization Plays
✔ Bridge-to-HUD
✔ Cash-Out to HUD

Whether you're navigating a lease-up, reposition, or cash-out refinance, ALF FlexBridge^™ provides the certainty and speed to close.

Close with confidence—even on complex, smaller deals.

Call us at (866) 575-5070 or contact us today with any questions related to financing an assisted living facility.

Financing for Assisted Living Facilities

For the past 15 years, Wilshire Finance Partners has specialized in financing senior housing facilities, specifically those who own or operate, or desire to own and operate, assisted living or memory care facilities.

As a direct lender with comprehensive financing options, Wilshire offers tailored solutions for senior housing and assisted living facilities. Through our strategic relationships, we also offer permanent financing from $1 million to $50 million. If you are looking for a loan to finance the acquisition of a facility, fund renovations to enhance care levels, or refinance an existing assisted living facility, Wilshire’s entrepreneurial approach and sage advice can help you find the right solution to meet your needs.

A short-term bridge loan (or interim financing) can be a smart resource for assisted living owners and operators keen on meeting business objectives while bridging the gap to stabilization. Value-add and opportunistic acquisitions can be lucrative senior housing investments, particularly because the business model is complex and nuanced—creating a higher barrier to entry compared to other real estate asset classes. Bridge lenders like Wilshire Finance Partners can create significant value through more flexible financing solutions, helping borrowers gain the time they need to strategically reach stabilization and create more value. Although that time and flexibility does result in higher interest rates, seniors housing owners can capitalize on market opportunities with Wilshire’s fast and flexible bridge loan financing.

9 Ways To Use a Bridge Loan for an Assisted Living Facility:

Lease-Up Financing
- Cover operating shortfalls during initial lease-up
- Provide runway to stabilization before permanent financing
Value-Add / Renovation Projects
- Fund capital improvements or facility upgrades
- Modernize units, common areas, or infrastructure to boost rents and occupancy
Acquisition Financing
- Fast-close solution for time-sensitive purchases
- Fund deals that require quick execution or interim capital before HUD or agency takeout
Refinance / Cash-Out
- Refinance maturing debt or pay off construction loans
- Extract equity for reserves, working capital, or other needs
Sub 1.0 DSCR / Unstabilized Scenarios
- Provide interim financing when a property doesn’t yet meet bank or HUD DSCR requirements
- Enable borrowers to continue operating or improving the property until stabilized
Bridge-to-HUD or Agency Takeout
- Serve as a short-term loan before securing permanent HUD/FHA or Fannie/Freddie financing
- Address timing gaps between property readiness and HUD eligibility
Time-Critical Situations
- Close within tight timelines when conventional lenders can’t
- Gain more time for turnarounds and stabilization
Portfolio Repositioning
- Facilitate partial sales, recapitalizations, or internal partner buyouts
- Allow investors to return capital while maintaining operations
Acuity / Care Level Repositioning
- Transition a facility to serve higher or lower levels of care (e.g., AL to MC or vice versa)
- Fund improvements and operational changes required for licensure or regulatory compliance

As a direct lender with years of experience lending on senior housing facilities, Wilshire understands that every borrower’s situation is unique, requiring financing solutions tailored and customized to the borrower.

Contact us today for a personalized assisted living facility loan quote.

Mezzanine Debt

Loan Amount

$1,000,000 to $10,000,000

Term

Up to 5 Years

Rate

Fixed or Variable

Loan-To-Cost (LTC)Loan-To-Cost (LTC)

Up to 70%

Loan-To-Value "Stabilized" (SLTV)

Up to 60%

Purpose

Purchase, Rate and Term Refinance, Cash Out Refinance

Geographic Location

Nationwide

Recourse

Required

Bridge Loans

Loan Amount

$1,000,000 to $10,000,000

Term

Up to 5 Years

Rate

Fixed or Variable

Loan-To-Cost (LTC)

Up to 70%

Loan-To-Value "Stabilized" (SLTV)

Up to 65%

Purpose

Purchase, Rate and Term Refinance, Cash Out Refinance

Geographic Location

Nationwide

Recourse

Required

Second Lien

Loan Amount

$500,000 to $3,000,000

Term

Up to 3 Years

Rate

Fixed or Variable

Loan-To-Cost (LTC)

Up to 80%

Loan-To-Value "Stabilized" (SLTV)

Up to 65%

Purpose

Purchase

Geographic Location

Nationwide

Recourse

Required

Hybrid Equity / Participating Loan

Loan Amount

$500,000 to $3,000,000

Term

Up to 3 Years

Rate

Fixed or Floating

Loan-To-Cost (LTC)

Up to 85%

Loan-To-Value "Stabilized" (SLTV)

Up to 65%

Purpose

Purchase, Value-add and Opportunistic Acquisitions

Geographic Location

Nationwide

Recourse

Required

Frequently Asked Questions

What types of assisted living facilities qualify for financing?

Wilshire provides bridge loan financing for purpose-built assisted living facilities, memory care communities, and senior housing properties across the U.S.

How fast can Wilshire close an assisted living facility loan?

Most loans can be closed in a matter of weeks, providing speed and certainty of execution when time is critical.

What can assisted living bridge loans be used for?

Bridge loans can be used for acquisitions, refinancing, renovations, expansions, or to stabilize operations before transitioning into long-term financing.

How does an assisted living facility bridge loan work?

An assisted living facility bridge loan provides short-term financing to cover acquisitions, renovations, refinancing, or operational improvements until permanent financing is secured. It’s a form of financing that is often used when traditional financing is unavailable or will take too long to obtain.

How do I get an assisted living facility bridge loan?

You can start by contacting Wilshire Finance Partners. Our team will review your request, property, and financial needs to tailor a financing solution.

What do I need to get an assisted living facility bridge loan?

You’ll need information about the property, financial statements, a business plan or operating plan, and details on how you plan to use the financing. Please contact Wilshire Finance Partners to answer any questions and to provide additional guidance on what is needed.

Who does assisted living facility bridge loans?

Wilshire Finance Partners specializes in providing bridge loans for assisted living facilities, memory care, continuing care retirement communities, independent living facilities, and other senior housing properties nationwide.

What makes Wilshire different from a traditional bank?

Unlike banks, Wilshire offers flexible terms, a faster closing process, and customized loan structures tailored to the unique needs of assisted living facility operators and investors.