Assisted Living Loans
MBA Capital Funding can secure loans for assisted living facilities for acquisitions, refinance, or construction/conversions. Borrower experience with successful ALF operations or ownership is usually required. A debt-service-coverage-ratio of at least 1.25 is another Lender requirement.
For start-up businesses, borrowers must show sufficient income to cover debt until the business stabilizes. We will analyze all aspects of the borrower qualifications, property and business to see if the project meets all standard Lender criteria for assisted living loans. There are various government-sponsored loans and conventional loans available for assisted living. The business may be owner-occupied or income producing. Loan-to-value may be as high as 85-90% under certain circumstances.
Let MBA Capital Funding assist you with your financing needs, determine the appropriate loan type for your particular assisted living project, and structure the debt to your advantage.
“I was very happy to have this loan close that allowed me to buy the quality inn. Lynda and the MBA team kept working right through closing to get some lender concessions needed to make the deal happen. Thanks to them, it closed.”
--AJ Patel, Borrower