Senior Housing and Assisted Living Facilities

Senior Housing Capital

Assisted Living Facility Capital

Harris Commercial Capital's Partners offer Senior Housing/ALSF Loan offers flexible loan terms for variety of seniors housing property types.

Loan Amount Minimum is $5,000,000, with the exceptions on a case-by-case basis

Loan Term 5-10 years (up to 30 years for fixed-rate loans)

Financing Options Acquisition or refinance loans, bond credit enhancement, Freddie Mac’s Revolving Credit Facility and Targeted Affordable Housing transactions.

Minimum DSCR 1.30x for independent living; 1.40x for facilities with an assisted living and/ or Alzheimer’s component greater than 50%; Coverage for properties contain any skilled nursing component is 1.45x

Maximum LTV Maximum 75% of appraised value, maximum of 80% for tax-exempt bond finance transactions

Rate Structure Fixed and adjustable rate options available.