El Paso Assisted Living Facility Loans: Financing Solutions for the Sun City
El Paso represents a unique assisted living market on the Texas-Mexico border. With affordable costs, a large Hispanic population, and growing senior demographics, the Sun City offers distinct opportunities for ALF operators.
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Get Your Free El Paso ALF Quote →El Paso ALF Market Overview
Market Statistics
| Metric | El Paso Metro Data |
|---|---|
| Metro Population | 870,000 |
| Population 65+ | 115,000 (13.2%) |
| Population 85+ | 14,000 |
| Licensed ALFs in Metro | 60+ |
| Average Monthly Cost | $2,800 - $4,200 |
| Average Occupancy Rate | 84% |
| Projected Senior Growth (2026-2035) | +22% |
Sources: U.S. Census Bureau, Texas HHS
Key Submarkets
West El Paso
- Affluent suburban
- Premium pricing ($3,500-$5,000/month)
- Strong demographics
- Limited development
Northeast El Paso
- Growing suburban
- Moderate pricing ($3,000-$4,200/month)
- Development opportunities
Central El Paso
- Urban core
- Value pricing ($2,500-$3,800/month)
- Renovation opportunities
East El Paso
- Growing suburban
- Value pricing ($2,500-$3,800/month)
- Development opportunities
Horizon City/Socorro
- Emerging suburban
- Value pricing ($2,400-$3,500/month)
- Growth opportunities
El Paso ALF Financing Options
SBA 7(a) Loans
- Regional lender network
- Up to $5 million
- 10-15% down payment
- Popular for acquisitions
HUD 232 Loans
- Non-recourse financing
- 35-40 year terms
- Available in Texas
Construction Financing
- Very low Texas border costs
- 75-85% LTC typical
- 12-18 month terms
Cost to Build an ALF in El Paso
Construction Cost Breakdown
| Cost Category | West EP | Northeast | Central |
|---|---|---|---|
| Land (per acre) | $200K-500K | $100K-300K | $80K-200K |
| Hard Costs (per SF) | $160-220 | $145-200 | $135-190 |
| Soft Costs | 10-14% | 9-13% | 9-12% |
| FF&E (per bed) | $7-11K | $6-10K | $6-9K |
Sample 60-Bed Project: $8-13 million
Success Stories
"Jaken Finance Group helped us acquire our West El Paso facility with SBA financing. Their understanding of the border market was exceptional."— Maria G., ALF Owner, El Paso
Start Your El Paso ALF Financing Journey
Get Your Free Quote →El Paso ALF Resources
Related Pages
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Get Your Free Quote →Disclaimer: This information is for educational purposes only. All financing provided by Jaken Finance Group, subject to approval.