A Veteran’s Vision: Exceed Expectations

• Location: Texas
• Property Type: Memory Care Facility (MC)
• Lien Position: 1st
• Loan Amount: $3,809,000
• Loan Purpose: Cash-Out Refinance
• Loan Term: 2 Years

A Bridge to Growth

When the owner — a veteran U.S. Army pilot and second-generation senior housing operator —
approached Wilshire, he had more than refinancing in mind. He had a mission.

The property was already a thriving, well-respected memory care facility in Texas,
but the owner saw an opportunity to do more. With a waiting list and vision to expand,
he sought capital to add a new wing and scale operations to meet increasing demand for
high-quality memory care.

Traditional bank financing wasn’t the right fit for the timeline. Wilshire stepped in with a
tailored $3.8MM bridge loan in 1st lien position — providing immediate capital to refinance
existing debt and fund the planned improvements.

Executing the Plan

Over the term of Wilshire’s loan, the goal posts established by the building department moved
a couple of times and there were various other twists and turns, nevertheless the operator
remained steadfast in his commitment and delivered. Construction was completed, the new wing
opened, and occupancy steadily climbed. The improvements led to greater operational efficiency
and financial performance — meeting the stabilization targets needed to qualify for
conventional financing.

With the expansion fully leased and stabilized, the bridge loan was paid off in full through a
long-term refinance.

A Full-Cycle Win

Today, the facility serves more residents, generates stronger cash flow, and continues to be
led by a mission-driven owner committed to excellence in care.

What began as a cash-out refinance became a springboard for strategic growth — and Wilshire was
proud to provide the capital and confidence to get it done.

“At Wilshire, we don’t just lend. We empower success.”