Financing — A Private Intro to a Licensed Lender

The money side,
made easy.

Financing a care home is easier than most people think — and you won't navigate it alone. Here's every real option in plain English. When you're ready, we make a quiet, private introduction to Vanda Crossley, a licensed lender who works with care operators. She takes it from there.

Get Introduced to Vanda →See the loan types first ↓
100% FREE — NO GATE

Every way to finance a Texas care home

Six real paths. Match the loan to what you're doing — small acquisition, ground-up build, or a fast close. Ranges below are current market (2025–2026); your actual terms depend on the lender and your file.

SBA 7(a) Loan

Best for

Buying a smaller care home or the real estate + business together

  • ✓Up to $5 million; assisted living & residential care businesses qualify
  • ✓As little as ~10% down (90% financing) for many buyers
  • ✓Up to 25-year term on real estate
  • ✓Can fund purchase, construction, refinance, or expansion

Rates are negotiated and pegged to Prime; fixed or variable.

SBA 504 Loan

Best for

Owner-occupied real estate + construction you plan to operate yourself

  • ✓Structured 50% bank / SBA-backed second / your equity down
  • ✓Senior care is a “special-purpose” property: plan on ~15% down (20% if you’re also a brand-new operator), not the standard 10%
  • ✓Long, fixed-rate, fully-amortized SBA portion (up to 25 yrs)
  • ✓Built for buildings, major renovations, and life-safety upgrades

Facility must be primarily owner-occupied and for-profit.

Construction Loan

Best for

Ground-up builds and major conversions (the 16-bed+ path)

  • ✓Interest-only on funds as they’re drawn against milestones
  • ✓Typically ~70–75% of project cost/value
  • ✓Inspections + lien waivers release each draw
  • ✓Converts to permanent financing (mini-perm, SBA, or HUD) when done

Market rates have run roughly 6.5%–11% (2025–2026), terms ~up to 3 yrs.

HUD 232 / FHA

Best for

Larger licensed facilities (20+ residents needing continuous care)

  • ✓Long-term (up to 35–40 yr), fixed-rate, non-recourse
  • ✓Often the lowest long-term rate available for senior care
  • ✓For purchase, refinance, new construction, or substantial rehab
  • ✓Room-and-board-only homes do NOT qualify — must provide care

LEAN process typically ~4–6 months to close; DSCR ~1.45×.

Bridge / Hard Money

Best for

Grabbing or converting a property fast before conventional timing allows

  • ✓Closes in roughly 7–14 days vs. 60–90 for conventional
  • ✓Asset-based: underwrites the property + plan, not just your income
  • ✓Short term (6–36 months), then you refinance into permanent debt
  • ✓Higher rate (roughly 8%–12%) is the price of speed

Use as a tool, not a home — always have a refinance exit planned.

Reverse Mortgage / Home Equity

Best for

A family funding a relative’s care, or freeing equity for a down payment

  • ✓HECM (FHA-insured) available to homeowners age 62+
  • ✓Take a lump sum, monthly payments, or a line of credit
  • ✓Can fund care or a startup down payment
  • ✓Key limit: reverse-mortgage homes must stay the owner’s primary residence

There’s a 12-month rule if the owner moves into a facility — we walk you through it before you decide.

The common playbook

Many Texas operators stack these: bridge or hard money to grab and convert a property fast → a construction loan for the build-out → then refinance into a long-term SBA 504/7(a) (owner-operated, up to $5M) or HUD 232 (larger licensed facilities, lowest fixed rate). Families funding a relative's care often use home equity. Vanda helps you figure out which rung you're on.

Please note: Senior Living Launch is not a lender or a mortgage broker and does not make loans, originate loans, or extend loan offers. This page is general education only. When you submit the form, we simply make a private introduction to Vanda Crossley, a licensed lender — any loan is provided by her under her own licensing and is subject to underwriting and approval. The figures shown are illustrative market ranges for 2025–2026, not offers, quotes, or guarantees of any rate or term.

Talk to a lender

See what you can actually qualify for.

Fill this out and it goes directly to Vanda Crossley(and Erika). Vanda is a licensed lender — she'll tell you, in plain English, which loan fits, roughly what you'd need to put down, and what the next step is. No obligation, no hard credit pull to start the conversation.

Real numbers

A straight answer on how much you could borrow and what down payment it takes.

The right program

SBA, construction, bridge, or conventional — matched to your actual plan.

One person, start to close

Vanda handles both the property and the loan — fewer handoffs, faster close.

Goes to Vanda + Erika

Get your financing options

Takes 2 minutes. We reply within one business day.

No obligation. No hard credit pull to start. We never resell your info.