Apply for Assisted Living Facility Financing in Kentucky

Ready to finance your Kentucky assisted living facility project? Whether you're acquiring an existing Personal Care Home (PCH), building a new Assisted Living Community (ALC), or refinancing, we offer comprehensive financing solutions tailored to Kentucky's ALF market.

Kentucky ALF Financing Programs

Loan Options Available

Current Rate Ranges (2026)

Financing by Project Type

Acquisition Financing

For Purchasing Existing Kentucky PCHs/ALCs:

Ideal financing options:

• SBA 7(a) for facilities under $5M
• HUD 232/223(f) for larger stabilized properties
• Conventional for quick closings
• Bridge for value-add opportunities

Requirements:

• 10-25% down payment
• Industry experience preferred
• Business plan with projections
• Property due diligence

Construction Financing

For Building New Kentucky ALFs:

Recommended programs:

• HUD 232 new construction (larger projects)
• SBA 504 (smaller projects)
• Conventional construction-to-perm

Requirements:

• 10-20% equity
• Detailed development budget
• Architectural plans
• Market feasibility study

Refinancing

For Existing Kentucky ALF Owners:

Benefits of refinancing:

• Lower interest rates
• Extend loan terms
• Access equity
• Consolidate debt
• Remove balloon payments

Best options:

• HUD 232/223(f) for long-term fixed rates
• SBA 7(a) for flexibility
• Conventional for speed

Application Requirements

Documentation Checklist

Personal Documents:

• [ ] Personal financial statement
• [ ] 3 years personal tax returns
• [ ] Resume/experience summary
• [ ] Photo ID
• [ ] Authorization forms

Business Documents:

• [ ] 3 years business tax returns
• [ ] Year-to-date financial statements
• [ ] Business plan with projections
• [ ] Entity documents (LLC/Corp)
• [ ] Existing debt schedule

Property Documents:

• [ ] Purchase agreement (if acquiring)
• [ ] Rent roll and occupancy history
• [ ] Operating statements (3 years)
• [ ] CHFS license and inspections
• [ ] Property photos

Qualification Criteria

Borrower Requirements:

Property Requirements:

Kentucky Markets We Serve

Metropolitan Areas

Louisville Metro:

• Jefferson County
• Oldham County
• Bullitt County
• Shelby County

Lexington Metro:

• Fayette County
• Scott County
• Jessamine County
• Woodford County

Northern Kentucky:

• Boone County
• Kenton County
• Campbell County

Secondary Markets

• Bowling Green
• Owensboro
• Elizabethtown
• Paducah
• Richmond
• Ashland

Rural Kentucky

We also finance qualified projects in rural Kentucky communities, recognizing the important role PCHs and ALCs play in serving seniors throughout the Commonwealth.

Our Financing Process

Step 1: Initial Consultation

Timeline: Same Day

• Discuss your project goals
• Review preliminary qualifications
• Identify best loan programs
• Outline documentation needs

Step 2: Pre-Qualification

Timeline: 1-3 Days

• Review initial documentation
• Preliminary credit analysis
• Estimate loan terms
• Provide pre-qualification letter

Step 3: Full Application

Timeline: 1-2 Weeks

• Complete documentation submission
• Detailed underwriting review
• Property evaluation initiated
• Third-party reports ordered

Step 4: Approval & Commitment

Timeline: 2-8 Weeks

• Final underwriting approval
• Loan commitment issued
• Terms and conditions finalized
• Closing preparation begins

Step 5: Closing & Funding

Timeline: 2-4 Weeks

• Final document preparation
• Closing coordination
• Loan funding
• Post-closing support

Total Timeline:

• SBA Loans: 45-90 days
• Conventional: 30-60 days
• HUD 232: 4-8 months
• Bridge: 2-4 weeks

Why Choose Us for Kentucky ALF Financing?

Industry Expertise

• Specialized Focus: We exclusively finance senior housing and healthcare properties
• Kentucky Knowledge: Deep understanding of Kentucky's PCH/ALC market and regulations
• CHFS Experience: Familiar with Kentucky licensing requirements

Lender Relationships

• Multiple Sources: Access to SBA, HUD, conventional, and private lenders
• Competitive Rates: Volume relationships mean better pricing
• Flexible Solutions: Options for various situations and credit profiles

Service Commitment

• Responsive Communication: Quick answers to your questions
• Transparent Process: Clear expectations and regular updates
• Closing Success: High approval and closing rates

Frequently Asked Questions

What credit score do I need?

Most programs require a minimum 680 credit score, though 700+ is preferred for the best terms. We can discuss options for borrowers with lower scores.

How much down payment is required?

Down payments range from 10% (SBA programs) to 25% (some conventional loans). Your specific requirement depends on the loan program, property type, and borrower qualifications.

Can I finance a facility with low occupancy?

Yes, though options may be limited. Bridge loans and some conventional programs can finance properties with occupancy below 80%. We can discuss turnaround financing strategies.

How long does the process take?

Timeline varies by loan type:

• Bridge loans: 2-4 weeks
• Conventional: 30-60 days
• SBA: 45-90 days
• HUD 232: 4-8 months

Do you finance new operators?

Yes, though first-time operators typically need to demonstrate relevant experience (healthcare, hospitality, business management) and may need to partner with experienced operators or management companies.

What if my facility has regulatory issues?

We can discuss your specific situation. Minor issues may not prevent financing, while significant violations typically need to be resolved first. We can help you understand your options.

Start Your Kentucky ALF Financing Application

Additional Resources

• Kentucky ALF Construction Loans
• SBA Loans for Kentucky ALFs
• HUD 232 Loans in Kentucky
• Kentucky ALF Refinancing Options
• Kentucky ALF Market Trends
• Kentucky ALF Regulations Guide

Loan terms, rates, and availability subject to change. All loans subject to credit approval and underwriting requirements. This is not a commitment to lend. Contact us for current program details and personalized guidance.