Assisted living facility construction loans have been very difficult to obtain in recent years. With the constriction of capital about the only way for assisted living facility developers to obtain construction financing for assisted living facilities have had to rely on government back programs.
The problem with government backed programs like HUD and USDA B&I is the bureaucracy. Couple unreasonable demands set by onerous government regulations with the long timelines for approval, sometimes as long as 18 months, and assisted living facility developers have lagged behind demand.
No there is a commercial construction loan program available for developers of assisted living facility projects that allows for a 45-60 day close using construction financing for assisted living facility, senior living and nursing home projects that does not rely on any government sponsored financing.
One company is providing these special construction loans for assisted living facilities. Developers of medical office, nursing homes, assisted living facilities and senior living facilities can now obtain construction financing for assisted living facilities can now close these loans in a as little as 45 days!
Assisted living facility construction loan financing can be obtained by developers of assisted living facilities and medical office buildings who do NOT want to be forced into HUD financing programs. The Dividend America | Commercial Lending Non-HUD Assisted Living Facility Construction Financing program is available now!