Assisted Living Feasibility Study in the Houston-Pasadena-The Woodlands, TX Metro Area

A large-ticket senior housing record

Nationally, Houston-Pasadena-The Woodlands is 8 of 321 where assisted living without nursing care is concerned, but at home the class sits down at 16 of 39, so senior housing is not what this metro mostly borrows for. A location quotient of 1.22x still shows a slight tilt toward the class. The record covers 67 loans totalling $106.0 million between FY2017 and FY2026. Typical size is $1.3 million, 1.71x the median seen nationally, and the middle half of the book spans $480,000 to $2.6 million. Franchise flags cover 9.0%, so nearly all operators are independents.

Only assisted living lacking on-site nursing owns this code. Memory units are unlisted as a separate category, and communities with nursing care are indexed elsewhere, so nobody should read these totals as the entire senior housing market of Harris County and its neighbors. The 7(a) versus 504 breakdown is withheld, resting on too few loans, and carries no number from us.

Holders and counties

SBA's 7(a) holder list begins with Live Oak Banking Company (11 loans, $19.9 million) and Wallis Bank (7 loans, $13.1 million), two holders whose average tickets sit well above the median. Both names come from SBA's current-holder field. Harris County, TX has 28 loans, Fort Bend County, TX 16 and Montgomery County, TX 15, so growth suburbs west and north of the city carry as much of the record as the core.

A floor of 15.0% marks FY2017 to FY2024 approvals cancelled after approval, and later reporting can lift it. Neither the matching ceiling nor a charge-off rate is printed, the Houston cohort being too thin, and a blank is no zero. Only four years print: FY2020 at 8 loans and $18.0 million, FY2022 at 8 and $11.6 million, FY2025 at 14 and $13.9 million and FY2026 at 13 and $21.6 million. Every other year is withheld as too thin. Metro membership depends on how SBA's project-county field lines up with the 2023 delineation.

Houston assisted living: the test list

Demand work starts with older adults inside a realistic draw radius and the private-pay income that supports monthly rates, then tallies licensed beds already open nearby. Land, building and licensing costs need testing against the $1.3 million typical loan, and the pro forma must show stabilized occupancy servicing the debt through lease-up. Operation and real estate are valued as separate pieces. Daniel Smith, MAI, signs the Loan Analytics study; no earlier loan guarantees a yes.