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Continued Care Retirement Community Development Loans

Commercial Banking

various loan options for


With a long history of financing Continued Care Retirement Communities, especially not-for-profit organizations, we understand the unique needs of this industry. These communities require a significant investment into physical plant assets that have long useful lives, therefore the financing is typically long-term and supports:

  • Independent living units
  • Assisted living facilities
  • Skilled nursing facilities
  • Alzheimer/dementia care units
  • Dining facilities
  • Recreational facilities
  • Other residential care facilities
  • Construction, improvements or expansion of facilities
  • A combination of any or all of the above

Financing Specifications

When eligible, financing can be provided on a bank qualified tax-free or non-bank qualified tax-free basis, both of which allow the borrower to benefit from a reduced interest rate. If the nature of the asset(s) being financed or the organization is not eligible for tax-free financing, financing can be supplied on a taxable basis. 

  • Provided on a secure basis, generally with a title-insured mortgage against the property or lien against the organization's business assets
  • Rate can be fixed for periods of up to 7 years
  • Offer both floating and fixed-rate reset options beyond the initial fixed-rate period
  • Amortization of debt can go out as far as 25 years, depending on the useful life of the asset(s)
  • Shorter amortizations are utilized to finance equipment and/or fixtures
  • Working capital lines of credit available for short-term needs and sized appropriately for the individual borrower

    Contact us today for more information or to apply for a loan.

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