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Commercial Lending Division

Assisted Living Facility Loans

 

Assisted Living is a rapidly growing industry, for which Mission Oaks National Bank has the strength and the ability to provide the necessary financing. We offer competitive rates and superior customer service for assisted living facilities, nursing homes, alzheimer's care, residential care homes, adult daycare and personal care homes. As a Preferred Lender for the Small Business Administration, our experience and professionalism sets us apart from other lenders. As you take care of others, let us take care of you.

We can offer financing for assisted living facilities (ALF) for the following purposes: Purchase, Refinance (cash-out when appropriate), Renovation, and New Construction.

We can fund assisted living facility loans from $250,000 to $15,000,000.

We have SBA and Conventional Assisted Living Facility Loan Programs available.

Here is what we look for when reviewing an Assisted Living Facility Loan:

 

 

Other Property Types:

Office

Warehouse

Automotive

Retail

Restaurant

Assisted Living

Day Care

Commercial Real Estate Lender, Mission Oaks National Bank

Fast Facts for Brokers:

Minimum Loan Amount:
$250,000

Maximum Loan Amount:
$15,000,000

Recommended Minimum Credit Score:
600

Property Types:
Commercial R.E. & Multi-Family

Loan Programs:
Conventional and SBA

Minimum DSCR:
1.20

Documentation Type:
Full-Doc

Lender Type:
Bank / Direct

Recourse Type:
Full and Non-Recourse Available

Assisted Living Facility Loans Max LTV: Min. Bwr. Equity: Min. Bwr. Credit: Min. DSCR: Max Loan Amount: Minimum Loan Amount:
SBA Purchase: 85% 15% 600 1.20x $15,000,000 $425,000
Conventional Purchase: 70% 15% 600 1.20x $15,000,000 $250,000
SBA Construction: 80% 20% 600 1.20x $4,000,000 $425,000
Conventional Construction: 70% 15% 600 1.20x $4,000,000 $250,000
Conventional Refi: 70% 15% 600 1.20x $15,000,000 $250,000
Investor Purchase/Refi: 70% 15% 600 1.20x $15,000,000 $250,000
 

 

Strong Assisted Living Facility management or ownership experience required for operators.

We'll cut out the red tape to get your loan funded quickly and painlessly.

Submit your assisted living facility loan online for a quick response!

No Broker package Required! We accept open submissions!

Please feel free to check out our frequently asked questions, give us a call at 1-800-825-0522 or email us at loans@missionoaksfunding.com if you have any questions.

Mission Oaks National Bank is federally chartered bank and a preferred lender for the Small Business Administration (SBA). We are also a member of the Federal Deposit Insurance Corporation (FDIC).

Mission Oaks National Bank has been named a Super Premier Performing Bank four years in a row and the Top SBA Lender in Arizona in 2005.

 

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