Commercial
Assisted Living/Senior Care Loan in Minneapolis, MN
Secure your Assisted Living/Senior Care Loan in Minneapolis with a lender who understands the local landscape. We serve all of Hennepin County, including North Loop and Linden Hills, offering fast approvals and personalized service.
Key Facts About Assisted Living/Senior Care Loan
CMRE Assisted Living/Senior Care Loan ranges from $250,000 to $50,000,000.
CMRE offers commercial bank statement programs for Assisted Living/Senior Care Loan.
CMRE Assisted Living/Senior Care Loan closes in LLC, corporation, or trust names.
CMRE commercial lending covers office, retail, industrial, and multifamily.
CMRE Assisted Living/Senior Care Loan ranges $250K to $50M.
CMRE commercial bank statement programs for Assisted Living/Senior Care Loan.
CMRE Assisted Living/Senior Care Loan closes in LLC/Corp/Trust.
CMRE commercial covers office, retail, industrial, multifamily.
Program Benefits
Competitive interest rates starting at 8.5% for qualified borrowers.
Financing available for acquisition, renovation, expansion, and refinancing.
Expert guidance from experienced commercial loan specialists.
Flexible loan terms tailored to your specific business needs.
Opportunity to capitalize on the growing demand for senior care facilities.
Streamlined application and approval process for faster funding.
Program Highlights
Max LTV
75%
Min Credit Score
640
Max DTI
N/A
Loan Amount Range
$500K - $10M+
Amortization Options
Eligible Properties
- Assisted Living Facilities
- Memory Care Facilities
- Independent Living Communities
- Skilled Nursing Facilities
Program Requirements
Income Documentation
- •Demonstrated ability to manage and operate a successful senior care facility.
- •Consistent revenue stream from existing facilities or projected income for new ventures.
- •Detailed financial projections showcasing the profitability and sustainability of the business.
Asset Verification
- •Sufficient collateral, typically in the form of the real estate being financed.
- •Liquid assets to cover down payment, closing costs, and initial operating expenses.
- •Existing assets demonstrating financial stability and investment capacity.
Insurance & Title
- •Comprehensive property insurance covering the full replacement value of the facility.
- •Liability insurance to protect against potential claims and legal liabilities.
- •Business interruption insurance to cover lost revenue in the event of unforeseen circumstances.
Property Requirements
- •Minimum FICO score of 640 or higher.
- •Strong credit history demonstrating responsible financial management.
- •No recent bankruptcies, foreclosures, or significant derogatory marks on credit report.
- •Demonstrated ability to repay debts in a timely manner.
Assisted Living/Senior Care Loan in Minneapolis: The Complete Guide
What Is Assisted Living/Senior Care Loan?
The senior care industry is experiencing significant growth due to the aging population and increasing demand for specialized care services. Investing in assisted living facilities can be a lucrative opportunity, but it's crucial to understand the market dynamics, regulatory requirements, and operational challenges. Thorough market research and due diligence are essential before making any investment decisions.
Qualifying for Assisted Living/Senior Care Loan
- •Underwritten on property income (DSCR) and borrower financial strength.
- •Typical DSCR requirement: 1.20x-1.25x (NOI / debt service).
- •2+ years business experience, adequate liquidity, acceptable credit.
- •CMRE commercial bank statement programs: qualify with 12-24 months statements instead of tax returns.
- •SBA programs (7(a), 504, Express) available for owner-occupied commercial with as low as 10% down.
Assisted Living/Senior Care Loan vs. Residential Lending
- •Commercial: underwritten on property cash flow. Residential: on borrower income.
- •Commercial terms: 5-10 year terms with 25-30 year amortization.
- •Commercial allows LLC/Corp entity vesting for asset protection.
- •CMRE offers both — our team determines the best structure for your situation.
Apply for Assisted Living/Senior Care Loan with CMRE
- •Step 1: Submit property details — type, location, price, NOI, business plan.
- •Step 2: CMRE provides preliminary terms within 48 hours.
- •Step 3: Application with financial statements, rent rolls, entity docs.
- •Step 4: Appraisal and environmental assessment.
- •Step 5: Underwriting in 2-4 weeks. Closing in 30-60 days.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Assisted Living/Senior Care Loan in Minneapolis, MN
Minneapolis mortgage lending for the Twin Cities. Conventional, FHA, VA, and jumbo programs. Custom Mortgage & Real Estate specializes in providing high-fidelity Assisted Living/Senior Care Loan solutions tailored to the unique economic landscape of Minneapolis and the surrounding Hennepin County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireMinneapolis metropolitan area.
Service Areas & Neighborhoods
Our Minneapolis Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Common Questions About Assisted Living/Senior Care Loan in Minneapolis
What are current Assisted Living/Senior Care Loan rates in Minneapolis, MN?
Assisted Living/Senior Care Loan rates in Minneapolis depend on loan amount, credit profile, and property type. CMRE publishes updated Minneapolis rate ranges daily and provides locked quotes within 24 hours of application.
How long does Assisted Living/Senior Care Loan closing take in Minneapolis?
CMRE typically closes Assisted Living/Senior Care Loan loans in Minneapolis within 21-30 days from application. Pre-approval takes 24 hours, and our MN-licensed team coordinates title, escrow, and appraisal concurrently to save time.
What commercial property types qualify in Minneapolis?
CMRE finances office, retail, industrial, multifamily, mixed-use, and special-purpose properties in Minneapolis and throughout Hennepin County. Loan amounts range from $500K to $50M with 5-10 year fixed-rate terms.
Does CMRE offer SBA loans in Minneapolis?
Yes. CMRE is an SBA Preferred Lender in Minneapolis. We offer SBA 7(a), 504, and Express loans for Hennepin County business owners purchasing or refinancing commercial real estate.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Our program is designed to finance a variety of senior care facilities, including assisted living facilities, memory care facilities, independent living communities, and skilled nursing facilities.
The minimum loan amount for our Assisted Living/Senior Care Loan program is $500,000.
The approval timeline varies depending on the complexity of the transaction and the completeness of the application. However, we strive to provide a streamlined and efficient approval process, typically within 30-45 days.
Loan proceeds can be used for acquisition, renovation, expansion, refinancing, and working capital.
CMRE Assisted Living/Senior Care Loan starts at $250,000. SBA may start lower. Max depends on property type — up to $50M.
Yes. Entity vesting is standard for commercial. Personal guarantee typically required.
Yes. CMRE commercial bank statement programs use 12-24 months statements instead of tax returns.
Typically 5-10 year terms with 25-30 year amortization. CMRE structures terms based on cash flow and exit strategy.
Assisted Living/Senior Care Loan by Location
Get local rates, loan limits, and market data for Assisted Living/Senior Care Loan in your area.
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View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
