Memory care is residential long-term care that provides specialized care to older adults struggling with various forms of dementia and Alzheimer’s disease. According to AARP and National Investment Center for Seniors Housing and Care, memory care is the fastest-growing sector within the senior housing market as the number of units has doubled over the past decade.
While memory care services can exist as part of a continuing care retirement community, more standalone memory care facilities are being created to support a growing number of seniors and others requiring specialized care.
Wilshire Finance Partners provides fast and flexible financing solutions from $1 million to $10 million for owners and operators of memory care facilities nationwide.
Read on to explore bridge loan financing parameters and guidelines for memory care facilities.
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