ASSISTED LIVING LOANS
Many assisted living owners and investors have dealt with bank turn-downs for loans. Pioneer Realty Capital specializes in financing for assisted living facilities, senior care, skilled nursing, retirement & nursing homes, memory care, adult day care and independent living property types. We have unique and creative capital solutions along with a network of capital partners ready to lend. We also offer multiple options to choose from. You may also qualify for a new special fixed-rate financing program to help you fix your rising interest rates. Call Charles Williams at 817-405-0218 to discover your options.
MULTIPLE OPTIONS
You can count on PRC to quickly identify the best funding solution for your project. We take the time to understand your business. From our first meeting through closing, and beyond, we’re focused on your success.
Our assisted living financing guidelines include:
- Acquisitions and refinancing
- Loan amounts up to 65% LTV
- Top 100 MSA market (preferred)
- 3-5 years experienced sponsor (preferred)
- 35% sponsor equity (preferred)
- Projected DSCR 1.3 min. (preferred)
- Bridge loan terms to 3 years
- Fast closings within 30 days
- Call Charles Williams at 817-405-0218
LOANS $2MM TO $400MM
Refinance – Purchase – Bridge – Repositioning – Permanent
Your alternative to banks
The innovative alternative to bank programs available to PRC provide capital and equity to borrowers seeking assisted living financing without the time, paperwork, and uncertainty of bank loans.
Working for you
Customers appreciate the speed and transparency with PRC. Leave the worrying to us and get back to your life.
Whether you’re looking to refinance an existing assisted living property or start something new, Pioneer Realty Capital can get you funded quickly and intelligently.
Want to learn more? PRC has put together the following guide for assisted living real estate and financing. It includes the required documents for financing assisted living.
FAST APPROVALS – COMPETITIVE RATES – FLEXIBLE TERMS
Program | Term | Rate | Min DCR Purch/Refi | Max LTV Purch/Refi | |
---|---|---|---|---|---|
Bridge | Up to 3 year | Interest Only* | LIBOR + 400 to 650 | None | 75%/80% |
Conventional | 3 to 10 year fixed | 25-30 year | LIBOR + 200 to 350 | 1.25 | 75%/80% |
CMBS | 10 year fixed | 25-30 year | LIBOR + 225 to 350 | 1.25 | 65%/75% |
Construction | Up to 3 year | Interest Reserve | PRIME + 300 to 650 | None | Up to 80% of Cost |
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