Operational Turnaround: From Opportunity to Optimization

Operational Turnaround: From Opportunity to Optimization

Location: Pompano Beach, Florida
Property Type: Assisted Living Facility (ALF)
Lien Position: 1st
Loan Amount: $3,990,000
Loan Purpose: Acquisition & Stabilization
Loan Term: 36 Months

Seizing the Opportunity

In the heart of Pompano Beach, a well-located assisted living facility presented a unique value-add opportunity - an underperforming asset in need of new leadership and capital.

The new owner had a clear mission: increase occupancy, reduce expenses, and unlock long-term value. But to act quickly on the acquisition and execute a turnaround, they needed a lender that understood the nuances of senior housing - and could move with speed.

That’s where Wilshire’s ALF FlexBridge™ program came in.

Designed specifically for assisted living and memory care communities, ALF FlexBridge™ offers tailored capital for acquisitions, refinances, and repositioning strategies. In this case, Wilshire provided a customized $3.99 Million 1st lien bridge loan that gave the operator the flexibility to close fast and implement improvements immediately.

Executing the Turnaround

Armed with operational experience and now the right financing, the new owner focused on stabilizing the asset. Key initiatives included increasing census, completing capital improvements, reducing inefficiencies, enhancing care delivery, and optimizing staff costs - all while maintaining a resident-first culture.

Over the term of the loan, the facility’s performance improved significantly. Occupancy increased, expenses were brought under control, and NOI grew - hitting the stabilization metrics needed to position the property for sale.

With the business on solid footing, the operator successfully sold the property to an investment group seeking a stabilized, cash flowing asset for their portfolio.

A Full-Cycle Win

What started as an opportunistic acquisition became a full-cycle success. The facility became a stable and profitable enterprise, which is positioned for a long-term positive impact within the community.

The ALF FlexBridge™ program empowered the operator to act quickly and execute effectively - turning a challenge into a thriving care environment.

“At Wilshire, we don’t just lend. We create flexible solutions that move operators forward.”

If you have a scenario you would like to discuss, feel free to give us a call at (866) 575-5070 or provide deal details here.