Assisted Living Facility & Medical Office Building Loans

Financing  for Assisted Living Facilities Construction is available in Now!  This financing is NOT at HUD program.  We have one of the only construction loans  for Assisted Living Facilities that is not dependent on HUD approval.  We have access to ALF funding from $2,000,000 up to $50,000,000.  The ideal range of funding where we see the most success is from $10,000,000 to $38,000,000.

This  exciting new program was designed to be an alternative to lengthy HUD  programs.   Assisted Living Facility Construction  Financing through Dividend America means that developers can avoid costly  delays associated with HUD and USDA B&I programs!

  • Avoid the huge  delays associated with HUD approvals No dealing with SBA  504 and CDC debentures and complicated funding strategies
  • Deal with  underwriters accustomed to the construction loan process
  • Draw requests,  work order changes and other issues handled by professionals well versed in the  needs of developers and construction lending.

Popular  markets for Assisted Living Facility lending includes; Atlanta, GA, Phoenix,  AZ, Charlotte, NC, Jacksonville, FL, Austin, TX and Greenville, SC, Dallas TX.  Other markets include Raleigh, NC, Ashville,  NC, San Diego, CA, and Chicago, IL.  Loans  for Assisted Living Facility Construction can be obtained in many markets but  these seem to be very popular.

Most  business loans for assisted living facilities are a combination of a commercial  mortgage and commercial business loan.   Construction financing for Assisted Living Facilities usually takes on  this combination with the commercial mortgage funding the land development and building construction funding and the business loan providing the capital  needed to get the equipment and business sup and running.

Dividend  America | Commercial Lending’s special Construction Loan for Assisted Living  Facilities offer:

  • Loan Amounts:  $10MM minimum, No max
  • Loan to Cost – 75% (LTC)
  • Term:  5-7 Year Construction to mini-perm
  • Amortization:  First 2 Years (construction phase) is  Interest only, after that amortization varies by strength of project but most
    projects will receive 25 year amortization period.
  • Rate:  Variable or Fixed options Variable is WSJ  Prime plus roughly 250bp  … or … Fixed rate range  is 6-7%
  • Prepayment Penalty:  None
  • Recourse:  Some Personal Guarantee typically required however this is negotiable depending on strength of deal.
    • Sponsor can also “Buy Down” the recourse with higher Equity Participation (lower LTC)

 Dividend America offers the loans that pay dividends  for your business.

We have all types of loans for assisted living  facilities and financing for medical office buildings.  Development loans, construction loans, commercial business loans and Assisted Living Facility Purchase loans.  Business loans for medical office buildings  and assisted living when combined with a small business loan or with equipment  financing  are our specialty and we get them  done even when banks have said NO!

From Atlanta, GA to Phoenix, AZ and all across this  nation we help entrepreneurs and business people who own or want to own assisted living facilities and medical office buildings by providing business loans that  fit their needs.  Commercial construction  financing for Assisted Living Facilities and Business loans for assisted living  facility operations of all sizes are available and we stand ready to serve with  a commitment of quality and integrity to all of our customers.

If you have any questions I invite you to call.  Thank you for the opportunity to serve,

Michael Gross