Assisted Living
Facility Loans
Wilshire Quinn provides assisted living facility loans with preapprovals in 24 to 48 hours and funding within about 5 to 7 days. If you are looking to close fast on an assisted living facility, complete our loan application and speak with a rep today.
- A nationwide direct lender, not a broker
- Pre-approval in 24 to 48 hours
- Typical funding times in 5 to 7 days
- Loan amounts up to $20,000,000
- Foreign nationals OK
Purchase | Refinance | Cash-Out | Rehab | 1031 Exchange
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Nursing Home & Care Facility Loans
Wilshire Quinn finances assisted living facility loans nationwide up to $20 million. We realize the complexities of assisted living facilities and healthcare buildings. Our successful track record as private money lenders is closely linked to our ability to make immediate lending decisions based on our highly disciplined underwriting approach.
Lending Parameters
| CLOSING TIME | Typically 5 to 7 days |
| LOAN SIZE | $500,000 – $20,000,000 |
| LTV | Up to 60% LTV and 60% of ARV for rehab loans, not to exceed 80% of the purchase price |
| LIEN POSITION | First Trust Deeds Only |
| LOAN TERM | 6-18 months |
| INTEREST RATES | 9% – 12% |
| AMORTIZATION | Interest-only payments |
| ORIGINATION FEES | 1 to 5 points based on location and property, LTV, credit worthiness of the borrower, loan amount and term |
| LENDING AREAS | Nationwide, primarily in metropolitan and coastal areas |
Property Types
Multi-family
Single-Family Investment Properties
- Condominiums
Retail Centers
Office Buildings
Industrial & Warehouse
Hotels & Motels
Healthcare & Assisted Living Facilities
Special Purpose & Mixed Use
Parking Garages & Lots
Mobile Home Parks
Gas Stations
Our Lending Program:
Closing Time: 5 to 7 days
Loan Size: $500,000 to $20,000,000
Loan-To-Value: Up to 60% LTV and 60% of ARV for rehab loans, not to exceed 80% of the purchase price
Lien Position: first trust deeds only
Loan Term: 3 to 24 months
Interest Rate: 9% to 13%
Loan Term: 3 – 24 months
Amortization: Interest-only payments
Origination Fees: 1 to 5 points based on location and property, LTV, credit worthiness of the borrower, loan amount and term
Lending Areas: Nationwide, in metropolitan and coastal areas
Here’s What Our Borrowers Are Saying
We finance transactions on assisted living facilities nationwide
FAQ’s – Private Money Loans
A hard money loan is a real estate-backed loan where a borrower receives funds secured by equity in their property (or properties). Hard money lenders like Wilshire Quinn are mainly focused on the equity in the property as opposed to borrower credit and financials. Hard money loans are typically short-term ranging from six months up to two years.
Hard money lenders like Wilshire Quinn primarily focus on a property’s equity to secure the loan. The borrower’s credit is considered, but is not a primary determinant in the underwriting process.
After receiving a signed term sheet, Wilshire Quinn typically funds a loan in five to seven business days.
Wilshire Quinn will consider a wide variety of property types including: office, retail centers, industrial, hotels, parking lots/structures, condo inventory, multifamily properties, non-owner-occupied single-family homes, vacation homes and rentals, primer loans and bridge loans.
We will consider a wide variety of loan types including: purchase, refinance, cash-out refinance, partnership buyouts, rehabs, 1031 exchanges and value-added acquisitions.
You can either complete our online loan application, email or call us. We would prefer to talk through your loan scenario directly, as we can determine in a matter of minutes, once we have a few simple questions answered, if we have interest.
Our interest rates typically range from 9% to 12%, interest-only. Lender origination points typically range from 1% to 5% of the loan amount. The borrower pays for standard closing costs (title, escrow, legal).
Most of our portfolio is in California but we do have the ability to lend nationwide. We strongly prefer to lend in major-metropolitan areas.
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