Apply for Assisted Living Facility Financing in South Carolina
Ready to finance your South Carolina assisted living facility project? Whether you're acquiring an existing Community Residential Care Facility (CRCF), building new, refinancing, or expanding, we offer comprehensive financing solutions tailored to the South Carolina market.
Financing Programs Available
Acquisition Financing
Purchase an Existing CRCF:
- Up to 90% financing available
- 25-year terms
- Competitive interest rates
- Quick closing timelines
Ideal For:
- First-time buyers
- Portfolio expansion
- Value-add opportunities
- Owner-operator transitions
Construction Financing
Build a New Facility:
- Construction-to-permanent loans
- Up to 85% loan-to-cost
- Interest-only during construction
- Single closing option
Project Types:
- Ground-up development
- Major renovations
- Memory care facilities
- Expansion projects
Refinancing Options
Improve Your Current Financing:
- Lower interest rates
- Extend loan terms
- Cash-out equity
- Remove balloon payments
Benefits:
- Reduce monthly payments
- Access capital for improvements
- Eliminate refinance risk
- Improve cash flow
SBA Loan Programs
Government-Backed Financing:
- SBA 7(a): Up to $5 million
- SBA 504: Up to $5.5 million CDC portion
- Lower down payments
- Longer terms
HUD 232 Financing
For Larger Facilities:
- Up to 85% LTV
- 35-40 year terms
- Fixed interest rates
- Non-recourse options
South Carolina Markets We Serve
We provide financing throughout South Carolina:
Major Metro Areas:
- Charleston
- Columbia
- Greenville-Spartanburg
- Myrtle Beach
Growing Markets:
- Mount Pleasant
- Summerville
- Lexington
- Greer
- Simpsonville
- Hilton Head
- Bluffton
- Rock Hill
- Florence
Loan Requirements
Property Requirements
- Licensed or licensable as CRCF
- Meets DHEC standards
- Good physical condition
- Appropriate zoning
- Clear title
Borrower Requirements
- Credit score: 680+ (700+ preferred)
- Industry experience preferred
- Adequate net worth
- Sufficient liquidity
- Clean background check
Documentation Needed
Personal Documents:
- Personal financial statement
- 3 years tax returns
- Resume/experience summary
- Photo ID
Business Documents:
- Business plan
- 3 years business tax returns (if existing)
- Year-to-date financials
- Rent roll (if applicable)
- DHEC license (if existing)
Property Documents:
- Purchase agreement (acquisitions)
- Plans and specs (construction)
- Appraisal (we can order)
- Environmental reports
Our Financing Process
Step 1: Initial Consultation
- Discuss your project
- Review financing options
- Determine best program fit
- Outline requirements
Step 2: Pre-Qualification
- Review preliminary documents
- Assess borrower qualifications
- Provide term sheet
- Identify any issues
Step 3: Full Application
- Complete documentation
- Order third-party reports
- Underwriting review
- Loan approval
Step 4: Closing
- Document preparation
- Final verifications
- Loan closing
- Funding
Timeline: 45-120 days depending on loan type
Current Rate Indicators
Rates as of January 2026 - Contact us for current rates
| Loan Type | Rate Range | Term |
|---|---|---|
| SBA 7(a) | Prime + 1.5-2.75% | Up to 25 years |
| SBA 504 | 5.0-5.5% (CDC) | 20-25 years |
| Conventional | 6.5-8.0% | 5-10 years |
| HUD 232 | 5.5-6.5% | 35-40 years |
| Bridge | 9-12% | 12-24 months |
Why Choose Us for South Carolina ALF Financing?
Industry Expertise
- Specialized in senior housing finance
- Deep understanding of CRCF operations
- Knowledge of DHEC requirements
- South Carolina market experience
Lender Relationships
- Access to multiple lending sources
- SBA preferred lender connections
- HUD-approved lender network
- Regional bank relationships
Client-Focused Service
- Dedicated loan advisor
- Regular communication
- Problem-solving approach
- Post-closing support
Competitive Terms
- Best available rates
- Flexible structures
- Minimal fees
- Efficient processing
Frequently Asked Questions
How much can I borrow? Loan amounts depend on property value, project cost, and borrower qualifications. We've financed projects from $500,000 to over $20 million.
What's the minimum down payment? Down payments range from 10% (SBA programs) to 25-35% (conventional). Your specific requirement depends on the loan program and project type.
How long does financing take? Timeline varies by loan type: SBA loans typically 60-90 days, conventional 45-60 days, HUD 232 loans 4-6 months.
Do I need experience in senior housing? Experience is preferred but not always required. We can help structure deals for qualified borrowers entering the industry.
Can I finance multiple properties? Yes, we offer portfolio financing solutions for operators with multiple facilities.
Start Your Application Today
Contact us to discuss your South Carolina assisted living facility financing needs. Our team is ready to help you find the right solution for your project.
Contact Information:
📞 Phone: [Contact for Phone Number]
📧 Email: [Contact for Email]
🌐 Online: Complete the form below
What to Have Ready:
- Property address or location
- Project type (acquisition, construction, refinance)
- Estimated project cost
- Your contact information
Additional Resources
Learn More About South Carolina ALF Financing:
- What is Assisted Living in South Carolina?
- South Carolina ALF Construction Loans
- South Carolina ALF Refinancing Options
- SBA Loans for South Carolina ALFs
- HUD Loans for South Carolina Senior Care
- South Carolina ALF Market Trends 2026
- South Carolina ALF Regulations
- Cost to Build an ALF in South Carolina
- South Carolina ALF Financing Success Stories
Financing subject to credit approval and program requirements. Terms and rates subject to change. Contact us for current program details and personalized guidance.