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Capital Market Solutions
Debt
Alternative Financing
On Balance Sheet Solutions
Wilshire manages several real estate debt funds bridge loans delivering solutions from $1 million to $10 million secured by seniors housing and healthcare real estate nationwide. Focused on the needs of regional institutional owners* Wilshire combines an entrepreneurial approach, institutional sophistication, and discretionary capital inside a boutique environment to deliver outstanding service to our clients.
Bridge:
- First Mortgage
- Second Mortgage
- Mezzanine Debt
- Participating Debt / Hybrid Equity
Our alternative short-term capital solutions are used by clients to strategically bridge the gap in timing and financing on opportunities and situations requiring the speed and flexibility of a balance sheet lender.
* A regional institutional owner is a seasoned owner of three or more Seniors housing facilities with an average headcount over 20.
Capital For:
Strategic Acquisitions
We possess a comprehensive understanding of the seniors housing and healthcare real estate market. This knowledge and perspective allows us to provide certainty of execution for experienced owners on opportunities involving straight purchases requiring speed, transactions involving acquisition and stabilization, value-add transactions, and other market opportunities.
Competitive Repositioning
Seniors housing and other healthcare real property assets are a critical part of the operating company’s business. Because the needs, wants and desires of seniors continues to evolve and new operators with modern business models are entering the market, the industry is dynamic and current owners must be proactive to be competitive, let alone maintain their market position. When combined with a permanent financing solution, the strategic use of short-term capital can assist operators in the competitive repositioning of their properties to gain or maintain a market advantage. Further, in addition to repositioning an asset itself, alternative financing may be used for financial repositioning; including, pre-agency recapitalizations and cash-out refinances, partner buy-outs, structured earn-outs, sale/lease-backs, and other transactions involving the real property asset that can provide significant financial benefits.
Acuity Level Transition
Transitioning acuity levels in a facility may be driven by external drivers and internal opportunities. Examples of external drivers include increased regulation and compliance costs, while internal opportunities may include demand identified within the business for a modified level of care. By having access to a variety of funding sources, including agency, bank and on-balance sheet capital, Wilshire helps owners free the equity in their facilities to facilitate change.
Permanent Financing
Off-Balance Sheet Solutions
In addition to closing and servicing loans on the balance sheets of our funds, Wilshire’s strategic relationships enable us to provide bank, credit union, insurance company, finance company, CMBS, and agency financing solutions. As a result, our team has the capital access needed to tailor creative, best-in-class solutions for our client’s needs.
Agency
Agency loans include SBA, Fannie, Freddie, and HUD catering to experience borrowers with seasoned operating assets. These loans are highly structured offering extremely competitive rates, varying recourse provisions and longer amortization terms with leverage in-excess of 80%.
Bank / Credit Union
Banks and Credit Unions offer the borrower more flexibility in financing. Loan conditions may include fixed or floating rates, initial interest-only periods, three to ten years in duration with recourse and leverage from 65%-75%.
Life Company
Life Companies cater to borrowers who want longer loan terms with the greatest flexibility in structure. These loans are more conservatively underwritten and rely heavily on the sponsorship and asset quality, providing terms over fifteen-years, varying recourse provisions, and leverage to 70%
Conduit / CMBS Loan
CMBS execution is an attractive avenue for many borrowers. They are typically aggressively priced, non-recourse, fixed rate loans with terms up to ten-years and leverage exceeding 75%.
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Underwriting
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TERMS OF USE | DISCLOSURES | PRIVACY POLICIES
© 2008-2021 Wilshire Finance Partners All Rights Reserved.
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.