How to Finance Assisted Living and Memory Care Facilities

Assisted living and senior housing facilities combine real estate fundamentals with healthcare operations, and lenders need to understand both. Occupancy rates, revenue per occupied unit, staffing costs, licensing requirements, and management quality all factor into underwriting alongside traditional property metrics. Demographics are a tailwind, an aging population is driving sustained demand, but operational complexity means you need lenders who specialize in this asset class. CapitalAx works with HUD/FHA Section 232 lenders, conventional banks with senior housing programs, and SBA lenders for owner operated facilities. The senior housing spectrum includes independent living communities, assisted living facilities, memory care units, and skilled nursing facilities, each with different licensing requirements, staffing ratios, and revenue models. Lenders evaluate these subtypes differently, and matching the right capital source to the specific facility type and operator profile is critical to securing competitive terms.