Apply for Assisted Living Facility Financing in Maryland

Ready to finance your assisted living facility in Maryland? Whether you're acquiring an existing facility, building new, refinancing, or expanding, we offer comprehensive financing solutions tailored to the Old Line State's senior care market.

Maryland ALF Financing Programs

SBA 7(a) Loans

• Loan amounts: Up to $5 million
• Terms: Up to 25 years
• Down payment: As low as 10%
• Best for: Acquisitions, refinancing, working capital

SBA 504 Loans

• Loan amounts: Up to $5.5 million (CDC portion)
• Terms: 20-25 years
• Down payment: As low as 10%
• Best for: Real estate purchase, construction, major equipment

HUD 232 Loans

• Loan amounts: $3 million+
• Terms: Up to 35-40 years
• LTV: Up to 85%
• Best for: Larger facilities, refinancing, new construction

Conventional Loans

• Loan amounts: Flexible
• Terms: 5-10 years typical
• LTV: 70-75%
• Best for: Quick closings, bridge financing

Bridge Loans

• Loan amounts: Flexible
• Terms: 12-36 months
• LTV: 65-75%
• Best for: Acquisitions, turnarounds, time-sensitive deals

Maryland Markets We Serve

We provide ALF financing throughout Maryland, including:

Loan Requirements

Basic Eligibility

For Acquisitions:

• Minimum 10% down payment
• Credit score 650+ (680+ preferred)
• Relevant healthcare or business experience
• Adequate liquidity for closing and reserves

For Construction:

• Minimum 10-15% equity
• Experienced development team
• Approved plans and permits
• Strong market feasibility

For Refinancing:

• Current on existing debt
• Stabilized occupancy (typically 80%+)
• OHCQ license in good standing
• Positive cash flow

Required Documentation

Business Documents:

• Business plan with financial projections
• Current profit & loss statement
• Balance sheet
• Accounts receivable/payable aging
• Rent roll and occupancy history
• OHCQ license and survey history

Personal Documents:

• Personal financial statement
• 3 years personal tax returns
• Resume highlighting relevant experience
• Photo ID

Property Documents:

• Purchase agreement (for acquisitions)
• Current appraisal (if available)
• Property condition report
• Environmental reports
• Title commitment

Application Process

Step 1: Initial Consultation

Contact us to discuss your financing needs. We'll review your situation and recommend the best loan program for your goals.

What We'll Discuss:

• Property details and location
• Transaction type (acquisition, construction, refinance)
• Your experience and background
• Timeline and funding needs
• Preliminary loan structure

Step 2: Pre-Qualification

We'll conduct a preliminary review to determine your eligibility and provide estimated terms.

Pre-Qualification Requirements:

• Basic property information
• Summary financials
• Credit authorization
• Experience overview

Timeline: 2-5 business days

Step 3: Full Application

Submit complete documentation for formal underwriting review.

Application Package Includes:

• Completed loan application
• All required documentation
• Application fee (if applicable)
• Authorization forms

Step 4: Underwriting

Our team and lending partners conduct thorough due diligence.

Underwriting Activities:

• Financial analysis
• Property evaluation
• Market assessment
• Regulatory review
• Third-party reports (appraisal, environmental, etc.)

Timeline:

• SBA loans: 4-8 weeks
• HUD loans: 4-6 months
• Conventional: 3-6 weeks

Step 5: Approval and Closing

Upon approval, we coordinate closing and fund disbursement.

Closing Process:

• Final document preparation
• Title and insurance verification
• Closing coordination
• Fund disbursement

Why Choose Us for Maryland ALF Financing?

Maryland Market Expertise

• Deep understanding of Maryland's senior care market
• Knowledge of OHCQ licensing requirements
• Relationships with Maryland-based lenders
• Experience across all Maryland regions

Comprehensive Solutions

• Multiple loan programs available
• Customized financing structures
• Competitive rates and terms
• Flexible underwriting

Dedicated Support

• Experienced loan specialists
• Responsive communication
• Guidance through entire process
• Post-closing support

Proven Track Record

• Hundreds of ALF loans closed
• Strong lender relationships
• High approval rates
• Satisfied clients throughout Maryland

Frequently Asked Questions

How long does the loan process take?

• SBA 7(a): 6-10 weeks
• SBA 504: 8-12 weeks
• HUD 232: 5-8 months
• Conventional: 4-8 weeks
• Bridge: 2-4 weeks

What credit score do I need?

Most programs require a minimum 650 FICO score, with 680+ preferred for best terms. We can work with lower scores in some cases with compensating factors.

How much down payment is required?

• SBA loans: 10-15%
• HUD loans: 15% (for-profit)
• Conventional: 25-30%
• Bridge: 25-35%

Can I finance a facility with low occupancy?

Yes, we offer bridge and turnaround financing for facilities below stabilized occupancy. Terms depend on the specific situation and your turnaround plan.

Do I need experience in assisted living?

Experience is preferred but not always required. First-time operators can qualify with relevant healthcare background, strong business plans, and/or experienced management partners.

What if my facility has regulatory issues?

We evaluate each situation individually. Minor issues typically don't prevent financing. Significant deficiencies may need to be resolved before closing.

Current Maryland ALF Loan Rates

Rates as of January 2026 - Subject to change

Start Your Application Today

Application Form

Applicant Information

• Full Legal Name: ________________
• Business Name: ________________
• Phone: ________________
• Email: ________________
• Best Time to Contact: ________________

Property Information

• Property Address: ________________
• City/County: ________________
• Number of Beds: ________________
• Current Occupancy: ________________%
• Year Built: ________________
• OHCQ License Level: [ ] Level 1 [ ] Level 2 [ ] Level 3

Transaction Details

• Transaction Type: [ ] Acquisition [ ] Refinance [ ] Construction [ ] Expansion
• Estimated Property Value: $________________
• Loan Amount Requested: $________________
• Desired Closing Date: ________________

Experience

• Years in Healthcare: ________________
• Current ALF Ownership: [ ] Yes [ ] No
• Number of Facilities Owned: ________________

Additional Comments:

Contact Us

Have questions before applying? Our Maryland ALF financing specialists are here to help.

Office Hours: Monday - Friday, 8:00 AM - 6:00 PM EST

We look forward to helping you achieve your assisted living facility financing goals in Maryland!

All loans subject to credit approval. Terms and conditions apply. This is not a commitment to lend. Contact us for complete program details and current rates.