Assisted Living Facilities Financing
Delivering customized bridge and permanent loan solutions for Assisted Living Facilities
Financing for Assisted Living Facilities
For the past 15 years, Wilshire Finance Partners has specialized in financing senior housing facilities, specifically those who own or operate, or desire to own and operate, assisted living or memory care facilities.
As a direct lender with comprehensive financing options, Wilshire offers tailored solutions for senior housing and assisted living facilities. Through our strategic relationships, we also offer permanent financing from $1 million to $50 million. If you are looking for a loan to finance the acquisition of a facility, fund renovations to enhance care levels, or refinance an existing assisted living facility, Wilshire’s entrepreneurial approach and sage advice can help you find the right solution to meet your needs.
A short-term bridge loan (or interim financing) can be a smart resource for assisted living owners and operators keen on meeting business objectives while bridging the gap to stabilization. Value-add and opportunistic acquisitions can be lucrative senior housing investments, particularly because the business model is complex and nuanced—creating a higher barrier to entry compared to other real estate asset classes. Bridge lenders like Wilshire Finance Partners can create significant value through more flexible financing solutions, helping borrowers gain the time they need to strategically reach stabilization and create more value. Although that time and flexibility does result in higher interest rates, seniors housing owners can capitalize on market opportunities with Wilshire’s fast and flexible bridge loan financing.
9 Ways To Use a Bridge Loan for an Assisted Living Facility:
- Lease-Up Financing
- Cover operating shortfalls during initial lease-up
- Provide runway to stabilization before permanent financing
- Value-Add / Renovation Projects
- Fund capital improvements or facility upgrades
- Modernize units, common areas, or infrastructure to boost rents and occupancy
- Acquisition Financing
- Fast-close solution for time-sensitive purchases
- Fund deals that require quick execution or interim capital before HUD or agency takeout
- Refinance / Cash-Out
- Refinance maturing debt or pay off construction loans
- Extract equity for reserves, working capital, or other needs
- Sub 1.0 DSCR / Unstabilized Scenarios
- Provide interim financing when a property doesn’t yet meet bank or HUD DSCR requirements
- Enable borrowers to continue operating or improving the property until stabilized
- Bridge-to-HUD or Agency Takeout
- Serve as a short-term loan before securing permanent HUD/FHA or Fannie/Freddie financing
- Address timing gaps between property readiness and HUD eligibility
- Time-Critical Situations
- Close within tight timelines when conventional lenders can’t
- Gain more time for turnarounds and stabilization
- Portfolio Repositioning
- Facilitate partial sales, recapitalizations, or internal partner buyouts
- Allow investors to return capital while maintaining operations
- Acuity / Care Level Repositioning
- Transition a facility to serve higher or lower levels of care (e.g., AL to MC or vice versa)
- Fund improvements and operational changes required for licensure or regulatory compliance
As a direct lender with years of experience lending on senior housing facilities, Wilshire understands that every borrower’s situation is unique, requiring financing solutions tailored and customized to the borrower.
Contact us today for a personalized assisted living facility loan quote.
ALF FlexBridge™
Wilshire’s ALF FlexBridge™ program delivers fast, flexible bridge capital for Assisted Living Facilities — combining the creativity of a boutique lender with the power of institutional execution on small balance bridge loans for regional owners and operators.
- ✔ Small Loan Focus – Below $10 Million
- ✔ 70% LTC
- ✔ Value-Add / Opportunistic
- ✔ Unstabilized Properties
- ✔ Sub 1.0 DSCR considered
- ✔ Longer-Term Stabilization Plays
- ✔ Bridge-to-HUD
- ✔ Cash-Out to HUD
Whether you're navigating a lease-up, reposition, or cash-out refinance, ALF FlexBridge™ provides the certainty and speed to close.
Close with confidence—even on complex, smaller deals.
Call us at (866) 575-5070 or contact us today with any questions related to financing an assisted living facility.
Mezzanine Debt
Bridge Loans
Second Lien
Hybrid Equity / Participating Loan
Representative Transactions
Property Type:
Assisted Living Facility
Loan Amount:
$13,000,000
Loan Purpose:
Purchase
