Financing options to purchase elderly residential care (RCFE) property

[Aki Lui]

Hi everyone!

I am an occupational therapist and a RCFE administrator (passed the exam recently in May). I am looking for financing options to buy a 4B2B/5B2B SSH to operate a residential care business. I am contemplating about getting a FHA loan to acquire the property (property will be owner occupied and the business will be owner operated) or SBA loans. Do anyone have connections about commercial lenders and RCFE business owners?

This will be my first RCFE facility and I am excited to set up the business getting it up and running by 2024. Would love to know about other financing options and be connected to people who are running RCFEs facility in California. Thanks!