Assisted Living Facility Loans
Financing to buy, expand or recapitalize an assisted living facility — from $500,000 to $25,000,000+.
Request a QuoteFinancing built for assisted living operators
Buying an assisted living facility is a real estate purchase and a business purchase at the same time. A residential lender looks at your paycheck; we look at the facility — its census, its operating income and the team that runs it. Commercial Loans Florida, Inc. arranges assisted living facility financing for independent operators, regional chains and first-time buyers entering the long-term care sector.
Through our network of banks, non-bank lenders and private equity sources that specialize in healthcare real estate, we match each facility with the program that fits it — an SBA loan, a conventional commercial mortgage or a bridge loan when the facility still has to reach stabilization.
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
What the loan can be used for
Buy an existing facility
Acquire a licensed, operating facility — real estate and business together.
Expand or build
Add beds, wings or a new building — see <a href="/assisted-living-construction-loans">assisted living construction loans</a>.
Refinance
Replace existing debt or pull equity out — see <a href="/assisted-living-refinance">assisted living refinancing</a>.
Bridge to stabilization
Interim capital until the facility performs — see <a href="/assisted-living-bridge-loans">bridge loans for assisted living</a>.
Facilities we finance
Assisted living (AL and AL/MC), independent living, stand-alone memory care, continuing care retirement communities (CCRC), hospice, medical office and behavioral health — read more in memory care and senior housing financing. Small residential care homes have their own program: residential assisted living (RAL) loans.
How it works
More than a loan
We help evaluate your facility’s financials, forecast operating income and prepare a strong loan package that increases your chances of approval. We also help with licensing, compliance and the state regulations that apply to assisted living facilities.
Frequently Asked Questions
What types of assisted living facility loans are available?
SBA 7(a) and SBA 504 loans, bridge loans, USDA loans, construction and expansion loans, and conventional commercial mortgages. <a href="/sba-loans-assisted-living">Compare the SBA programs</a>.
How much can I borrow?
Loan amounts range from $500,000 to over $25,000,000, depending on the facility and the program.
How much of the purchase can be financed?
Up to 90% loan-to-value on qualifying projects. The exact amount depends on the facility, its performance and the program.
What terms are available?
Terms up to 30 years, fixed or variable rates, and interest-only periods are available.
Do you finance first-time buyers?
Yes. We fund independent operators, regional assisted living chains and first-time buyers entering the long-term care sector.
How fast can I get pre-approved?
Pre-approval within 24 to 48 hours for qualified borrowers.
Is the loan based on my personal income?
Commercial healthcare loans look at the business: cash flow and operational performance of the facility, not only the borrower’s personal income.
Buying or expanding an assisted living facility? Let’s talk about your 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.