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 $10,000,000
- Foreign nationals OK
Purchase | Refinance | Cash-Out | Rehab | 1031 Exchange
Get started by completing the form below and an associate will reach out to get your loan details
Nursing Home & Care Facility Loans
Wilshire Quinn finances assisted living facility loans nationwide up to $10 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.
|CLOSING TIME||Typically 5 to 7 days|
|LOAN SIZE||$200,000 to $10,000,000|
|LTV||Up to 60% LTV and 60% of ARV for rehab loans, not to exceed 90% of the purchase price|
|LIEN POSITION||First Trust Deeds Only|
|LOAN TERM||3 to 24 months|
|INTEREST RATES||8.5% to 11%|
|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|
Single-Family Investment Properties
Industrial & Warehouse
Hotels & Motels
Healthcare & Assisted Living Facilities
Special Purpose & Mixed Use
Parking Garages & Lots
Mobile Home Parks
Our Lending Program:
Closing Time: 5 to 7 days
Loan Size: $200,000 to $10,000,000
Loan-To-Value: Up to 60% LTV and 60% of ARV for rehab loans, not to exceed 90% of the purchase price
Lien Position: first trust deeds only
Loan Term: 3 to 24 months
Interest Rate: 8.5% to 11%
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 6 months up to 2 years.
Hard money lenders like Wilshire Quinn primarily focus on the equity in the property to secure the loan. The borrowers 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 5 to 7 business days.
Wilshire Quinn will consider a wide variety of property types including: office, retail centers, industrial, hotels, parking lots/structures, condo inventory, entitled land, multi-family properties, non-owner occupied single family homes, vacation homes and rentals, primer loan, bridge loan.
We will consider a wide variety of loan types including: purchase, refinance, cash-out refinance, partnership buyouts, rehabs, 1031 exchanges, value added acquisitions.
You can either complete our online loan application, email or call us directly. We would prefer to talk through your loan scenario 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 2% to 5% of the loan amount. The borrower pays for standard closing costs (title, escrow, legal).
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