Loan Guidelines

Delivering customized bridge and permanent loan solutions. 

Bridge First Lien

Seniors Housing and Healthcare Real Estate

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: Case by Case

 

 

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: Case by Case


 

 

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: Case by Case


 

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: Case by Case


 

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: Case by Case


 

Loan Amount: $1,000,000 to $10,000,000

Term: Up to 3 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: Case by Case


 

Loan Amount: $1,000,000 to $10,000,000

Term: Up to 5 Years

Rate: Fixed or Variable

Loan-To-Cost (LTC): Up to 65%

Loan-To-Value "Stabilized" (SLTV): Up to 55%

Purpose: Purchase, Rate and Term Refinance, Cash Out Refinance

Geographic Location: Nationwide

Recourse: Case by Case


 

Commercial Real Estate

Loan Amount: $1,000,000 to $10,000,000

Term: Up to 5 Years

Rate: Fixed or Variable

Loan-To-Cost (LTC): Up to 65%

Loan-To-Value "Stabilized" (SLTV): Up to 60%

Purpose: Purchase, Rate and Term Refinance, Cash Out Refinance

Geographic Location: Nationwide

Recourse: Case by Case


 

Loan Amount: $1,000,000 to $10,000,000

Term: Up to 5 Years

Rate: Fixed or Variable

Loan-To-Cost (LTC): Up to 65%

Loan-To-Value "Stabilized" (SLTV): Up to 60%

Purpose: Purchase, Rate and Term Refinance, Cash Out Refinance

Geographic Location: Nationwide

Recourse: Case by Case


 

Loan Amount: $1,000,000 to $10,000,000

Term: Up to 5 Years

Rate: Fixed or Variable

Loan-To-Cost (LTC): Up to 60%

Loan-To-Value "Stabilized" (SLTV): Up to 55%

Purpose: Purchase, Rate and Term Refinance, Cash Out Refinance

Geographic Location: Nationwide

Recourse: Case by Case


 

Loan Amount: $1,000,000 to $10,000,000

Term: Up to 5 Years

Rate: Fixed or Variable

Loan-To-Cost (LTC): Up to 60%

Loan-To-Value "Stabilized" (SLTV): Up to 55%

Purpose: Purchase, Rate and Term Refinance, Cash Out Refinance

Geographic Location: Nationwide

Recourse: Case by Case


 

Loan Amount: $1,000,000 to $10,000,000

Term: Up to 5 Years

Rate: Fixed or Variable

Loan-To-Cost (LTC): Up to 65%

Loan-To-Value "Stabilized" (SLTV): Up to 60%

Purpose: Purchase, Rate and Term Refinance, Cash Out Refinance

Geographic Location: Nationwide

Recourse: Case by Case


 

Loan Amount: $1,000,000 to $10,000,000

Term: Up to 3 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: Case by Case


 

Residential Real Estate

Loan Amount: $1,000,000 to $10,000,000

Term: Up to 5 Years

Rate: Fixed or Variable

Loan-To-Cost (LTC): Up to 75%

Loan-To-Value "Stabilized" (SLTV): Up to 70%

Purpose: Purchase, Rate and Term Refinance, Cash Out Refinance

Geographic Location: Nationwide

Recourse: Case by Case


Downloads:

Bridge Program Brochure 

Bridge Loan Program Summary

Loan Amount: $1,000,000 to $10,000,000

Term: Up to 3 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: Case by Case


Downloads:

Bridge Program Brochure 

Bridge Loan Program Summary

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: Case by Case


Downloads:

Bridge Program Brochure 

Bridge Loan Program Summary

Second Lien

Seniors Housing and Healthcare Real Estate

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 80%

Loan-To-Value "Stabilized" (SLTV): Up to 65%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 80%

Loan-To-Value "Stabilized" (SLTV): Up to 65%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


 

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 80%

Loan-To-Value "Stabilized" (SLTV): Up to 65%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


 

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 80%

Loan-To-Value "Stabilized" (SLTV): Up to 65%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


 

Loan Amount: $500,000 To $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 80%

Loan-To-Value "Stabilized" (SLTV): Up to 65%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


 

Commercial Real Estate

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 80%

Loan-To-Value "Stabilized" (SLTV): Up to 60%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


Downloads:

Bridge Program Brochure 

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 80%

Loan-To-Value "Stabilized" (SLTV): Up to 60%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


Downloads:

Bridge Program Brochure

Residential Real Estate

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 80%

Loan-To-Value "Stabilized" (SLTV): Up to 70%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


 

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 80%

Loan-To-Value "Stabilized" (SLTV): Up to 70%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


 

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 80%

Loan-To-Value "Stabilized" (SLTV): Up to 70%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


 

Hybrid Equity / Participating Loan

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 85%

Loan-To-Value "Stabilized" (SLTV): Up to 65%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


 

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 85%

Loan-To-Value "Stabilized" (SLTV): Up to 65%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 85%

Loan-To-Value "Stabilized" (SLTV): Up to 65%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


 

Loan Amount: $500,000 to $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 85%

Loan-To-Value "Stabilized" (SLTV): Up to 65%

Purpose: Purchase, Rate and Term Refinance

Geographic Location: Nationwide

Recourse: Required


 

Loan Amount: $500,000 To $3,000,000

Term: Up to 3 Years

Rate: Fixed

Loan-To-Cost (LTC): Up to 85%

Loan-To-Value "Stabilized" (SLTV): Up to 65%

Purpose: Purchase, Rate and Term Refinance

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 65%

Purpose: Purchase, Rate and Term Refinance, Cash Out Refinance

Geographic Location: Nationwide

Recourse: Case by Case


 

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: Case by Case


 

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: Case by Case


 

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: Case by Case


 

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: Case by Case


 

Permanent Financing

Eligible Properties: Seniors Housing and Healthcare Real Estate

  • Independent living properties
  • Assisted living properties
  • Alzheimer’s/dementia Care
  • Newly constructed and stabilized Seniors Housing facilities, as well as campuses containing skilled nursing beds on a case-by-case basis

Loan Amount: Minimum of $5,000,000, with exceptions on a case-by-case basis

Loan-To-Value: 75% (80% for fixed rate tax-exempt bonds)

Rate Structure: Fixed and adjustable rate options available

Term: 5 to 10 years (up to 30 years for fixed-rate loans)

Amortization: Up to 30 years

Recourse: Non-recourse with standard exceptions, including for fraud and misrepresentation

Prepayment Penalty / Lockout: Fixed Rate: Yield Maintenance or Standard Defeasance Graduated Prepayment Premium Floating Rate:12-month lockout followed by 1% prepayment penalty to open window


 

Eligible Properties: Seniors Housing and Healthcare Real Estate

  • Independent living properties
  • Assisted living properties
  • Memory care properties
  • Properties with a limited amount of skilled nursing (maximum 20% of NOI)

Loan Amount: Minimum of $5,000,000, with exceptions on a case-by-case basis

Loan-To-Value: Maximum 75% of appraised value, maximum of 80% for tax-exempt bond finance transactions.

Rate Structure: Fixed and adjustable rate options available

Term: 5 to 10 years (up to 30 years for fixed-rate loans)

Amortization: Up to 30 years

Recourse: Non-recourse with standard exceptions, including for fraud and misrepresentation.

Prepayment Penalty / Lockout: Yield Maintenance or Standard Defeasance (Fixed Rate) Floating Rate: 12-month lockout followed by 1% prepayment penalty to open window Four prepayment option for floating rate loans


 

Eligible Properties: Seniors Housing and Healthcare Real Estate

  • Age restricted housing
  • Independent living properties
  • Assisted living properties
  • Medical office buildings

Loan Amount: $1,000,000 To $50,000,000

Rate Structure: Fixed and adjustable rate options available

Term: Up to 35 Years

Amortization: Up to 30 years

Recourse: Non-recourse with standard exceptions, including for fraud and misrepresentation.

Prepayment Penalty / Lockout: Standard option is declining prepayment penalty through year 10 and then freely pre-payable thereafter. Flexibility on prepayment structure exists.


 

Eligible Properties: Seniors Housing and Healthcare Real Estate

  • Independent living properties
  • Assisted living properties
  • Memory care properties
  • Properties with a limited amount of skilled nursing (maximum 20% of NOI)

Loan Amount / Loan-To-Value: Up to 75% for Purchase / 70% on Refi

Rate Structure: 250-350 bps over index

Term: 5, 7, 10 yr. fixed / 20 yr. fix to float also available

Amortization: 25-30 yrs. and IO also available

Recourse: Non-recourse with standard exceptions, including for fraud and misrepresentation.

Prepayment Penalty / Lockout: Step down: 5,4,3,2,1


 

Eligible Properties: Seniors Housing and Healthcare Real Estate

  • Independent living properties
  • Assisted living properties
  • Memory care properties
  • Properties with a limited amount of skilled nursing (maximum 20% of NOI)

Loan Amount / Loan-To-Value: Up to 70% higher on exception basis on purchase / 65% on Refi

Rate Structure: 300-350 bps over index

Term: 10 Yr. fixed 5, 7 and 15 yrs. w/ balloon or 20 & 30 yr. self amortizing

Amortization: 25-30 yrs. and IO also available on exception basis

Recourse: Non-recourse with standard exceptions, including for fraud and misrepresentation.

Prepayment Penalty / Lockout: Yield Maintenance, Step Down or Standard Defeasance


 

What our clients are saying

Wilshire offers strategic capital solutions backed by a deep industry knowledge.

Dana S, President, Owner Operator
Assisted Living Facility

We couldn't have done it without Wilshire. They've been instrumental in the growth and success of our business.

Justin T, President, Owner Operator
Assisted Living Facility

Upcoming Events

December 1-2, 2021

5th Annual InterFace Seniors Housing Northeast

Seniors Housing • Panelist, Sponsor 

January 24-26, 2022

ASHA Annual Meeting

Seniors Housing • Attendee 

(866) 575-5070
info@WilshireFP.com

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Newport Beach, CA 92660

HOURS
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TERMS OF USE | DISCLOSURES | PRIVACY POLICIES

DISCLOSURES: 

Loans: The information contained on this website and the related communications are directed to real estate professionals only.  The information contained on this website and the related communications are not a loan approval, agreement or commitment to lend. The delivery or circulation of any attached documents is for discussion purposes only and Wilshire Finance Partners, Inc. may make substantial and material revisions to the same.  Rates and terms are subject to change without notice.  Loans made by Wilshire Finance Partners, Inc. California Department of Real Estate Broker License number 01523207 and California Department of Financial Protection and Innovation, Finance Lenders License number 603K729; WFP Income Fund, LLC, California Department of Financial Protection and Innovation, Finance Lenders License number 603K726; WFP Opportunity Fund, LLC California Department of Financial Protection and Innovation, Finance Lenders License number 603K725; or WFP Income Fund REIT, LLC, California Department of Financial Protection and Innovation Finance License number 60DBO-99184. •Equal Opportunity Housing Lender•

Investments: The information contained on this website and the related communications are not an offer to sell or the solicitation of offers to purchase the securities of the WFP Income Fund, LLC, the WFP Income Fund REIT, LLC, the WFP Opportunity Fund, LLC, loan or trust deed investments, participations or other securities offered by or through Wilshire Finance Partners, Inc. (individually and collectively, the “Securities”).  The purpose of this website and the related communications is to provide an overview of the respective Securities and their private placement. Persons interested in learning about the Securities and their private placement will be provided with the respective Private Placement Memorandum (inclusive of exhibits thereto and any supplements, the “Memorandum”), which provides a description of the Securities, the terms of their private placement, a discussion of risk factors, a copy of the limited liability company operating agreement for the respective fund (as applicable), a subscription agreement and other information related to the Securities.

This website and the related communications contain certain forward-looking statements regarding the Securities and the investment objectives and strategies of each of the Funds. The forward-looking statements are based on current expectations that involve numerous risks and uncertainties which are difficult or impossible to predict accurately and many of which are beyond the control of Wilshire, as the manager of the Funds. Although Wilshire believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements, the inclusion of such information should not be regarded as a representation by Wilshire, any placement agent, or any other person, that the objectives and strategies of the respective Securities will be achieved.

Investments in the Securities may only be made solely by accredited investors (which for natural persons, are investors who meet certain minimum annual income or net worth threshold), who are provided with the Memorandum and who complete, execute and deliver the subscription documents included therein, and otherwise comply with the requirements contained therein.  Each of the Securities is being offered in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) and are not required to comply with specific disclosure requirements that apply to registration under the Securities Act. Neither the Securities Exchange Commission nor any other state securities commission or agency has passed upon the merits of or given its approval to the Securities, the terms of the offering, or the accuracy or completeness of any offering materials. Each of the Securities is subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell the Securities. Past performance is not indicative of future results. Investing in any of the Securities, including the Funds, involves substantial risk, including loss of investment, and is not suitable for all investors.

To the extent there is any inconsistency between the information provided in this website. The related communications and the Memorandum, the information contained in the Memorandum shall control.

Other Notices: Information provided by Wilshire Finance Partners, Inc., its affiliates and their respective directors, managers, officers, employees and agents is not to be interpreted as legal, tax or accounting advice.  Wilshire Finance Partners, Inc. is a debt collector and is required by law to inform you that this communication may be an attempt to collect a debt and any information obtained will be used for that purpose.  Wilshire Finance Partners®, Proven Professional Performance®, Stable Income & Principal Protection®, and The Alternative Solution® are registered trademarks of Wilshire Finance Partners, Inc. © 2021 Wilshire Finance Partners, Inc.  All rights reserved.