Assisted Living Network Podcast

How to Finance Assisted Living with Only 10% Down

RAL Academy

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0:00 | 24:26

Are you looking for the best way to fund your residential assisted living business? Many entrepreneurs struggle to navigate the complex world of commercial lending, but the Small Business Administration (SBA) offers incredible opportunities for those ready to enter the senior housing market. This episode breaks down how you can leverage these programs to secure your financial future.

In this episode of the Assisted Living Network podcast, host Isabelle welcomes Mackey Hughes, Senior Loan Officer at Live Oak Bank, to break down everything you need to know about SBA loans. Mackey explains why SBA loans are superior to traditional residential loans for residential assisted living owners, specifically because they allow you to finance working capital, construction costs, and lease reserves all in one package.

You will also learn about the realistic timelines for loan approval and why a ninety day due diligence period is essential for your success. Mackey shares expert insights on down payment requirements, which can be as low as ten percent for startups or even zero percent for existing operators looking to expand. Whether you are curious about the differences between 7a and 504 loans or want to avoid common mistakes in the application process, this conversation provides the roadmap you need to navigate the silver tsunami.

Chapters
0:00 Introduction to Mackey Hughes and Live Oak Bank
2:15 Why SBA Loans are Best for RAL Owners
4:45 Understanding the Commercial Loan Timeline
7:30 Why Specialized Industry Expertise Matters
10:00 Down Payment Requirements for Startups and Acquisitions
13:00 Expansion Financing for Existing Operators
15:15 Common Mistakes and Preparation Tips
18:00 Impact of Government Shutdowns on SBA Lending
20:45 Comparing 7a and 504 Loan Products
23:09 Final Summary and Closing

Make sure to subscribe to the channel for more expert advice on building your assisted living empire. If you are ready to start your funding journey, reach out to the team at Live Oak Bank today to see how they can help you achieve your goals.

#assistedliving #sbaloan #seniorhousing #realestateinvesting #liveoakbank

🎓 Ready to turn your passion into profit? Join Isabelle Guarino’s private Skool community to learn how to launch, run, and grow your own residential assisted living business. Get access to exclusive trainings, expert Q&As, and a like-minded community all in one place. Start learning today! → https://www.skool.com/ralacademy/about 

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