Capituro
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Commercial DSCR

Assisted Living
DSCR Loans.

You can buy, refinance, or cash out a residential assisted living home, typically 1 to 4 units. Most DSCR programs do not allow these. We do, and we usually do not require a debt service coverage ratio.

Get a QuoteSee typical terms
Typical terms
$500K
Min loan
$10M+
Max loan
75%
Maximum LTV
Long term
Financing available
1 to 4 units often fit a 30 year fixed
No DSCR required in most cases
Purchase, refinance, and cash out
Cash out typically up to 75% LTV
How it works

See how
Assisted living DSCR works

Assisted living DSCR is for residential assisted living, typically 1 to 4 units in a home-style property. Many DSCR lenders exclude this property type. We allow it, and in most cases we do not require a debt service coverage ratio. We qualify on the property, not your personal tax returns.

Loan amounts typically run from $500,000 to $10,000,000+. Purchase, rate-and-term refinance, and cash out are available. This program cannot fund renovation. Homes over four units are considered case by case. Those larger deals can still get long-term financing, though they are often not on a 30 year amortization.

  • Purchase a 1 to 4 unit residential assisted living home
  • Rate-and-term refinance an existing assisted living loan
  • Cash out typically up to 75% LTV on a stabilized home you already own
See what you can typically borrow.
Share the address. We will confirm the fit and send back typical terms.
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Typical terms

Assisted living DSCR terms

These are typical commercial DSCR terms for this property type. Your quote depends on the building.

Loan Amount
$500,000 to $10,000,000+Residential assisted living homes
Loan purpose
Purchase, rate-and-term, cash outYou can buy, refinance, or take cash out
Maximum LTV
75%Including purchase, refinance, and cash out
Loan Term
Long-term financing1 to 4 units can often use a 30 year fixed. Larger homes are case by case.
Minimum DSCR
None, in most casesUnusual for DSCR programs, which typically exclude assisted living
Min DSCR on loans of $3M+
1.25xWhen the loan is $3M or more, rent has to cover at least 125% of the payment.
Units
1 to 4 units are the core fitLarger homes considered case by case
Paperwork
No tax returns, in many casesWe qualify on the building, not your personal income
Property Seasoning
As low as 1 dayNo 6 month wait on most cash out loans
Licensing
State assisted living license reviewed
Prepay
Step downShorter terms with origination adjustment
Renovation
Not funded on this programBridge first if the home needs work
Operator
Owner-operated or leased to an operator
Available in
35 statesAL, AK, AR, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MS, MO, MT, NE, NH, NM, OH, OK, PA, SC, TN, TX, VA, WA, WV, WI, WY, DC. Very rural areas within these states may be restricted.
Want a number on a specific building?
These are typical ranges. Send the address and we will send back terms on your deal.
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Common questions

Assisted living DSCR FAQ

Do assisted living DSCR loans require tax returns?+
In many cases no. We qualify on the property income, not your personal tax returns.
Can I get a DSCR loan on residential assisted living?+
Yes. Most DSCR programs exclude assisted living. We allow 1 to 4 unit residential assisted living as a core fit, and larger homes case by case.
What DSCR do I need on an assisted living loan?+
None, in most cases. That is one reason operators come here when other DSCR programs will not finance assisted living. On loans of $3,000,000 or more, the typical minimum is 1.25x.
How many units can an assisted living DSCR loan cover?+
1 to 4 units is the core of the program. Over four units is considered case by case. Larger homes can still get long-term financing, though they are often not on a 30 year amortization.
Can assisted living DSCR fund renovation?+
No. This program cannot fund renovation. Stabilized, income-producing residential assisted living is the fit. Renovation or lease-up may need a bridge loan first.
Can I get a 30 year fixed on assisted living?+
On 1 to 4 unit homes, often yes. Larger homes are case by case and often not on a 30 year amortization, but long-term financing is still available.
Does the home need a state license?+
Yes. The home should hold the license your state requires for assisted living or residential care, with its licensed bed count. The license is reviewed along with the income.
Can I finance a home that's leased to an operator?+
Yes. Homes leased to an operator are financed on the lease, and owner-operated homes on the home's operating income. Either way, the operator's track record helps.
Where does Capituro offer assisted living DSCR loans?+
In 35 states: Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming, plus Washington, DC. Very rural areas within these states may be restricted. Send the address and we will confirm whether your market and building fit.
Other property types

Other commercial DSCR types

All commercial DSCR
Multi-tenant strip center with storefronts and parking.
Retail

Strip centers, standalone retail, and neighborhood commercial with tenant income.

Two-story professional office building with trees along the street.
Office

Medical office, professional, and multi tenant office with stabilized leases.

Single-story warehouse with loading docks and a truck court
Warehouse

Warehouse, flex, and light industrial with business or logistics tenants.

Single-story childcare center with a fenced playground
Daycare

Childcare and daycare buildings with a lease or operating income.

Self storage facility with rows of drive-up units and roll-up doors
Self storage

Stabilized self storage with consistent occupancy and rental income.

Mid-rise apartment buildings over ground-floor retail along a city street.
Mixed use

Retail or office below with residential above, and other blended income buildings.

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