Financing Assisted Living Facilities (ALFs)
For the past 15 years, Wilshire Finance Partners has specialized in financing owners and operators in seniors housing, specifically those who own or operate, or desire to own and operate, assisted living or memory care facilities, with capital ranging from $1 million to $10 million nationwide.
As a direct lender with comprehensive financing options, Wilshire offers tailored solutions for owners, operators, and investors focused on seniors housing and assisted living facilities (ALFs). If you are looking for an ALF loan to finance the acquisition of a facility or a mini pool of facilities, fund renovations to enhance care levels, or refinance an existing assisted living memory care facility, Wilshire’s entrepreneurial approach and sage advice can help fund your path forward.
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. Traditional lenders (agencies or banks) can be wary of seniors housing investments, particularly because the business model is complex and nuanced—an area they don’t specialize in. Most traditional lenders want to see a facility already at stabilization before they are willing to underwrite an assisted living facility loan, whereas bridge lenders are more flexible, helping borrowers gain the time they need to strategically reach stabilization. Although that time and flexibility does result in higher interest rates, seniors housing owners and operators can ensure their project stays on time and on track with Wilshire’s fast and flexible bridge loan financing.
How To Use an Assisted Living or Memory Care Facility Bridge Loan:
- Purchase/Acquisition of an assisted living or memory care facility
- Purchase of a mini pool of assisted living or memory care facilities
- Rate and Term Refinance
- Cash-Out Refinance
- Acuity/Care Level Repositioning
- Refresh and Renovations
As older adults age, assisted living facilities provide valuable services for individuals who require assistance with everyday tasks, also known as activities of daily living (ADLs). This ranges from help with bathing and dressing to preparing meals and medication reminders. While assisted living programs vary, and some facilities also offer memory care services or dedicated memory care wings, those services do not include nursing care. Each facility is unique in its approach to helping seniors enjoy as much independence as possible, while ensuring their needs for connection, autonomy, and dignity are respected.
Wilshire understands that every seniors housing facility is unique, as are each borrower’s circumstances, and provides equally unique financing solutions tailored and customized to the borrower.
Contact us today for a personalized assisted living facility loan quote.
Assisted Living Bridge Financing Structure Types
Agency Financing Structure
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