The business of Assisted Living Facility management has become very popular in recent years. Funding for assisted living facility purchases and/or development has been sparse until now. Assisted living facility financing is a unique hybrid of hospitality lending (loans for hotels) and medical professional financing (loans for doctors).
With this special class of lending, borrowers need companies that have a special understanding of how to successfully close loans for assisted living facility businesses. Loans for assisted living facility operations consider three main factors for successful closing; a.) the experience of the partners, b.)the location of the assisted living facility and c.) the business plan, architectural plan and operational procedures of the assisted living facility.
These requirements are the same in cities all across the nation like Atlanta, GA, Phoenix, AZ, Charlotte, NC, Greenville, SC, Jacksonville, FL, Chicago, IL or Dallas TX. It usually doesn’t matter what the cities location is, the loans typically have the same or similar requirements.
Dividend America has staff members who are familiar with the underwriting requirements involved with funding for assisted living facility businesses. Assisted living facility financing is most successful when combined with government loans such as SBA 7(a) for assisted living or the expanded SBA 504 loans for assisted living facilities. Assisted living facility financing may even be combined with USDA commercial loans in rural communities.
To find out more about how to successfully financing your assisted living facility business visit the Assisted Living Facility Financing Information page. You can also contact a professional for a no obligation conversation to learn how to make your assisted living facility purchase or assisted living facility loan close quickly and with fewer complications.
To meet with a professional face to face in Atlanta, GA, Charlotte, NC, Greenville, SC, Dallas, TX, Chicago, IL or Phoenix, AZ give us a call and we’ll come out to see you!
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