Assisted Living Facilities Financing

Delivering customized bridge and permanent loan solutions for Assisted Living Facilities

Assisted Living Facilities Financing (ALF) – Loan Programs

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.

How To Use a Bridge Loan for an Assisted Living or Memory Care Facility:

  • Purchase/Acquisition
  • Rate and Term Refinance
  • Cash-Out Refinance
  • Acuity/Care Level Repositioning
  • Refresh and Renovations

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.

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

Mezzanine Debt

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 60%
Purpose
Purchase, Rate and Term Refinance, Cash Out Refinance
Geographic Location
Nationwide
Recourse
Required

Representative Transactions

Property Type:

Assisted Living Facility

Loan Amount:

$13,000,000

Loan Purpose:

Purchase

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