Assisted Living Feasibility Study in the Denver-Aurora-Centennial, CO Metro Area

Denver-Aurora-Centennial: assisted living at the middle of the pack

SBA's Denver-Aurora-Centennial, CO record places assisted living 16th among 39 classes, and the area is 16th of 321 for the class. In FY2017 to FY2026 the area logged 33 loans carrying $39.0 million. The class sits slightly under its national weight (location quotient 0.83x for Denver), while the $825,000 median loan lands at 1.09x the national median. Denver's middle-half loans span $500,000 to $1.5 million, so these are sizeable loans for a care facility.

Jefferson County has 15 of the 33 loans and Arapahoe County 10. Denver shows no program split, no franchise share and no cancellation or charge-off rate, and it names no lender because none holds 5 of the loans.

What the code excludes

The class covers assisted living without on-site nursing. Homes that provide nursing are counted in other classes, and memory care lacks a code, so a memory care project cannot be read from this page. Years show unevenly: 5 loans worth $6.2 million in FY2018, none and $0 in FY2019, 8 loans worth $10.2 million in FY2021, 7 loans worth $6.3 million in FY2022, and none and $0 in FY2026, a finished year. Other years are too thin to publish.

Taken together, Denver's figures describe a class that is neither crowded nor sparse in this area: ranked in the middle of the local classes, slightly under its national share and slightly above the national median size. A lender reading this will not treat Denver as an outlier for assisted living, so the argument for a particular project must come from the site, the care model and the finances, not from a claim that the area is unusual.

What a Denver care home study must test

A study for an assisted living home has to test the licensed capacity against residents who can pay for care, the rate structure, staffing cost per resident and the months needed to fill the building. It should price construction or conversion against the $825,000 median and show debt service covered under a slow lease-up. If skilled nursing is planned, the project belongs to a different class. Appraisers value such properties on the income they earn, so every revenue assumption needs a source.