Assisted Living Facility Financing Programs

WCS have posted general guidelines on available programs for Assisted Living Facilities (ALF) commercial mortgages. It is apparent that generally ALF are limited to 75% loan to value, but can qualify for 90% on SBA loans. This explains why when purchasing of this facility needs financing SBA is number one choice (SBA notes are not common source for refinance loans). Although, one should be aware of the disadvantages of SBA financing, not only it is a tedious process, but it involves higher closing costs and heavy prepayment penalties.
Go to http://worldcapitalsource.com/WCS/programsbypropertytypes/alf.html for the complete guidelines table.