Senior living

Senior living financing

Senior living financing is commercial real estate debt for licensed assisted living, residential care (RCFE), memory care and skilled nursing facilities. Lenders underwrite the building and the operating business, so license standing, census and the operator's record weigh as heavily as the real estate.

Programs we arrange

How to choose a path

Size, seasoning and ownership decide the program. HUD 232 gives the longest fixed term and non-recourse structure at 80% LTV and 1.45x DSCR, but its fixed costs favor balances above roughly $3.5M. SBA 504 serves owner-operators on smaller balances. Bridge loans carry properties that are not yet stabilized.

  • Stabilized and larger: HUD 232/223(f)
  • Owner-operated and smaller: SBA 504 or 7(a)
  • Transitional or on a short clock: bridge-to-HUD
  • Ground-up or conversion: construction or conversion bridge, then permanent debt

What every lender wants to see

Licenses and survey history, trailing operating statements with census and rate roll, payer mix, the property and operating structure, and operator experience. A complete file shortens every timeline, though timelines are not guaranteed.

Frequently asked questions

What is the best loan for assisted living?

It depends on size, stabilization and ownership. HUD 232/223(f) fits larger stabilized communities, SBA 504 fits owner-operators, and bridge loans fit transitional properties.

Is Corin the lender on senior living loans?

Corin Commercial is a real estate broker, not a lender. Lenders make all credit decisions and fund loans as lender of record. Corin never holds, transfers, or disburses loan funds and does not service loans.

Talk through your deal with an advisor

Send the basics and a licensed Corin advisor reviews which programs and lenders may fit, or size the loan yourself first.