Senior Living Financing | Assisted Living Construction Financing

Senior Living & Assisted Living Construction Financing

For both USA and International Projects – Assisted Living, Memory Care, Independent Living and CCRCs

For $1MM (USD) to $5 Billion (USD) Senior Living Funding Requests

The network we have developed over the last 26 years is comprised of many Funders.

Senior Living Financing: Senior living communities combine real estate with an operating business, so lenders look closely at both the building and the operator. Commercial Funding International, LLC ("CFI") helps developers, owners and operators secure assisted living construction financing, acquisition loans and refinancing through our network of Funders. Assisted living has long been one of the property types our Funders consider, as listed on our Commercial Loans page.

At a Glance:

Funding Amounts: $1MM to $5 Billion (USD) and larger; preference for $10MM and larger; $10MM minimum for projects outside the USA.
Geographic Area: USA and USA-friendly countries worldwide.
Project Types: Assisted living, memory care, independent living, skilled nursing and continuing care retirement communities (CCRCs).
Typical Terms: 7.5% to 10%+ interest; 20 to 30 year amortization.
Leverage: Up to 75% senior debt; up to 90% combined with equity from our network.
Final Terms: Determined by project, loan amount and findings during formal underwriting.

Senior Living Projects We Can Consider:

Ground-Up Construction: New assisted living, memory care and independent living communities.
Expansions and Conversions: Adding units or wings, or converting an existing property to senior living.
Acquisitions: Purchase of an operating community or portfolio.
Refinance: Refinancing construction or bridge debt on a stabilized community.
Continuing Care Communities: Campuses that combine several levels of care.

Types of Capital Available:

Construction Loans: Funding for land, construction and lease-up.
Bridge Loans: Short-term capital through lease-up, until permanent financing. See Bridge Loans.
Permanent Financing: Long-term debt on a stabilized community.
Mezzanine Financing: Subordinate capital to fill the gap between senior debt and sponsor equity.
Joint Venture Equity: Equity partners from our network. See Joint Ventures.

What Our Funders Look For:

Operator Experience: An experienced operator or management company with a track record in senior care.
Market Study: Local demand, competition, and the private-pay population in the area.
NOI Forecast: A realistic lease-up schedule and operating forecast. Our Funders can factor in the NOI forecast of a pre-revenue project.
Licensing and Entitlements: Site control, zoning, permits and the state licensing path.
Budget and Schedule: A detailed total project cost and construction timeline.
Sponsor Strength: Track record, management team and equity contribution.

Whether it be an early-stage or an advanced project, the project needs to make sense. Our goal is to structure a deal that makes sense for everyone. To learn more, see Real Estate Developments, Real Estate and Commercial Loans.

Senior Living Financing FAQ

What size senior living projects does CFI finance?
Our Funders consider requests from $1MM to $5 Billion (USD) and larger. We prefer projects of $10MM and larger, and the minimum for projects outside the USA is $10MM.

Do you finance assisted living construction?
Yes. Our Funders consider ground-up assisted living, memory care and independent living construction, as well as expansions, conversions, acquisitions and refinancing.

What are typical terms for senior living financing?
Terms are determined by the project, the loan amount and findings during formal underwriting. Typical ranges are 7.5% to 10%+ interest, 20 to 30 year amortization and up to 75% senior debt. Combined with equity from our network, total funding can reach up to 90% of the capital stack.

Do I need an experienced operator?
An experienced operator or management company makes a senior living project much stronger, because lenders underwrite the operating business as well as the real estate.

Do you finance senior living outside the USA?
Yes, in USA-friendly countries worldwide, with a $10MM minimum for international projects.

What do I need to send to get started?
Please email a 1 to 5 page Executive Overview covering the site, the operator, the market study, total project cost, the amount requested and the sponsor team, or feel free to call us first at (503) 245-2789.

BROKER INQUIRIES ARE WELCOMED AND APPRECIATED. Please see our Referral Program.

IMPORTANT: If you are serious about securing funding, please email us a 1 to 5 page Executive Overview or feel free to call us first. You can also reach us through our Contact Us page.

Commercial Funding International, LLC
Mr. Jerry O'Neill, Managing Member
1703 S Oak Grove Ave., Springfield, MO 65804

"Real. Smart. Funding Solutions."

Office: (503) 245-2789
E-mail: ajoneill@commercialfundinginternational.com

Commercial Funding International and CFI are a Trademarks of Commercial Funding International, LLC.