Senior Living Financing
As the population continues to age there is increased demand for senior housing units including Independent Living, Assisted Living and Continuing Care Residential Communities. Whether you’re building a new senior living property or looking to acquire a property to renovate, remodel, and resell, we have the industry knowledge and a financing solution for every situation.
Solutions from our trusted financing partners include:
- New Construction
- Property Reposition/Conversions
- Conventional Acquisition & Refinancing
Senior Living Lending Program Overview
|New Construction||Bridge Programs||Conventional|
|Uses||Ground up development or renovation of existing property||Quick closing timeline/reposition or stabilize||Acquisition and Refi of Existing Properties|
|Term||12-36 Months Interest Only||12-36 Months Interest Only||Up to 25 Years|
|Rates Start At||Start at Libor +3||Start at Libor +3||Prime + 1|
|LTV/ LTC||To75%||To 80%||To 80%|
|Timeline to Funding||30-45 Days||30-45 Days||60 Days|
Have A Question? We Have An Answer
Interested in learning more about how we can help you achieve your financing goals? Get in touch with us today and schedule a consultation with one of our experts. We would be more than happy to connect with you and show you the wide range of lending and financing options you have available to you when you choose to work with BLP.