Assisted Living Construction Loans
Ground-up construction and expansion financing for assisted living, memory care and senior housing.
Request a QuoteBuilding a new assisted living facility
A new facility needs capital long before the first resident moves in: land, construction, furnishings and the months it takes to fill the building. Commercial Loans Florida, Inc. arranges construction financing for operators who are building a new assisted living facility or adding capacity to an existing one.
For owner-operators, the SBA 504 program offers fixed-rate, long-term debt for ground-up construction and real estate acquisition. Construction and expansion loans are also available through our network of banks, non-bank lenders and private equity sources that specialize in healthcare real estate.
Construction loan highlights
- Loan amounts from $500,000 to $25,000,000+
- Up to 90% loan-to-value on qualifying projects
- Fixed and variable interest rate options
- Terms up to 30 years, with interest-only periods available
- Quick approvals and dedicated underwriting for healthcare
Projects we finance
Ground-up construction
New assisted living, memory care and independent living buildings.
Expansions
New wings, additional beds and memory care units on an existing campus.
Major renovations
Upgrades that improve the facility and its performance.
Lease-up
A bridge loan can carry the building until it is stabilized — see <a href="/assisted-living-bridge-loans">bridge loans for assisted living</a>.
From construction to permanent financing
Many construction projects follow a bridge-to-permanent path: short-term financing carries the project through construction and lease-up, and once the facility reaches its performance targets we help you qualify for a long-term SBA or conventional commercial mortgage. Read about the SBA 504 loans for assisted living program and how it compares in SBA 7(a) vs. 504 for assisted living.
How a construction loan comes together
We also help with licensing, compliance and the state regulations that apply to assisted living facilities, so the building and the license move forward together.
Frequently Asked Questions
Can I finance a new assisted living facility from the ground up?
Yes. SBA 504 loans offer fixed-rate, long-term debt for ground-up construction, and construction and expansion loans are available through our lender network.
Can I finance an expansion of my existing facility?
Yes — new wings, additional beds and memory care units can be financed with construction and expansion loans.
How much can a construction loan be?
Loan amounts range from $500,000 to over $25,000,000, depending on the project.
What happens after construction is finished?
Once the facility reaches its performance targets, we help you move the debt into a long-term SBA or conventional commercial mortgage.
Do you help with the loan package?
Yes. We help evaluate the financials, forecast operating income and prepare a strong loan package.
How long are the terms?
Permanent financing terms reach up to 30 years, with fixed or variable rates and interest-only periods available.
Planning a new facility or an expansion? Send us the project.
Request a QuoteCommercial Loans Florida, Inc. · 1155 South Pasadena S, Suite H, South Pasadena, FL 33707 · Call (727) 642-1166 · Monday–Friday, 9:00 AM–5:00 PM EST · NMLS 1283562. All loans are subject to underwriting and approval.