Assisted living lending in Miami-Fort Lauderdale-West Palm Beach: where the area stands

Miami-Fort Lauderdale-West Palm Beach, FL stands 9 of 321 among metro and micro areas, with 60 SBA approvals across FY2017 to FY2026 worth $80.8 million. Counting assisted living loans, Miami-Fort Lauderdale-West Palm Beach stands at 0.79x the national share: Miami-Fort Lauderdale-West Palm Beach leans away from the class. Among Miami-Fort Lauderdale-West Palm Beach's classes it ranks 15 of 39, a middling line. Every project county in Miami-Fort Lauderdale-West Palm Beach lies in FL.

Miami-Fort Lauderdale-West Palm Beach loans center on $819,500, the median, and the middle half ranges $360,000 to $2.0 million. Our median is 1.08x the median nationally for the class, so Miami-Fort Lauderdale-West Palm Beach borrowers take larger loans. Miami-Fort Lauderdale-West Palm Beach programs split 41 to 7(a) and 19 to 504, shaping each request. Miami-Fort Lauderdale-West Palm Beach 504 requests lean on fixed assets. In Miami-Fort Lauderdale-West Palm Beach, franchised loans make up 0.00% of the class, a brand gauge. Miami-Fort Lauderdale-West Palm Beach sponsors should treat it as context.

Miami-Fort Lauderdale-West Palm Beach holders and counties for assisted living

On the 7(a) side in Miami-Fort Lauderdale-West Palm Beach, the largest holders listed are Celtic Bank Corporation (5 loans, $8.1 million). For SBA 504 in Miami-Fort Lauderdale-West Palm Beach, Florida First Capital Finance Corporation, Inc. (10 loans, $23.4 million); and Florida Business Development Corporation (9 loans, $8.2 million). Miami-Fort Lauderdale-West Palm Beach rows are SBA records. The Miami-Fort Lauderdale-West Palm Beach lenders named hold or held them. Miami-Fort Lauderdale-West Palm Beach figures show files, not conduct. No Miami-Fort Lauderdale-West Palm Beach row says what a lender requires. Across Miami-Fort Lauderdale-West Palm Beach counties, Broward County, FL records 31 loans, then Miami-Dade County, FL (18) and Palm Beach County, FL (11).

Miami-Fort Lauderdale-West Palm Beach's published years show 6 loans and $3.0 million in FY2018, 8 loans and $20.6 million in FY2020, 10 loans and $8.8 million in FY2021, 8 loans and $7.9 million in FY2024, 9 loans and $18.1 million in FY2025 and 6 loans and $7.5 million in FY2026. FY2017, FY2019, FY2022 and FY2023 are withheld for Miami-Fort Lauderdale-West Palm Beach because few loans back them, so a Miami-Fort Lauderdale-West Palm Beach gap is unpublished, nothing more. Approvals from FY2017 to FY2024 in Miami-Fort Lauderdale-West Palm Beach fell through after approval, a floor of 22.2%, a floor. The Miami-Fort Lauderdale-West Palm Beach charge-off floor is withheld. In Miami-Fort Lauderdale-West Palm Beach, a thin cohort means unpublished. All Miami-Fort Lauderdale-West Palm Beach totals use federal lines from July 2023, so each Miami-Fort Lauderdale-West Palm Beach loan is placed by county, so Miami-Fort Lauderdale-West Palm Beach drops loans with unmatched counties. In Miami-Fort Lauderdale-West Palm Beach, only assisted living without on-site nursing as a class of its own, memory care has none, and homes with nursing are counted under other classes.

What a Miami-Fort Lauderdale-West Palm Beach assisted living study must prove

Miami-Fort Lauderdale-West Palm Beach, FL: assisted living lending is a backdrop, not a forecast. In Miami-Fort Lauderdale-West Palm Beach, we start by examining beds and their income in the appraisal. A Miami-Fort Lauderdale-West Palm Beach study begins by testing life-safety work in conversion or construction. Miami-Fort Lauderdale-West Palm Beach lenders need the study to show lease-up months before stabilization. Miami-Fort Lauderdale-West Palm Beach analysis should establish why memory care lacks its own code. In Miami-Fort Lauderdale-West Palm Beach, a study has to test staffing and licensing cost by care level. For Miami-Fort Lauderdale-West Palm Beach: demand, cost, coverage, value. No Miami-Fort Lauderdale-West Palm Beach approval is promised here.

SBA assisted living (without nursing care) loans in the Miami-Fort Lauderdale-West Palm Beach, FL Metro Area

Loans approved, FY2017 to FY2026	60
Gross dollars approved	$80.8 million
Median loan	$819,500
Middle half of loans, from	$360,000
Middle half of loans, to	$2.0 million
SBA 7(a) loans	41
SBA 504 loans	19
Franchise share of loans	0.00%
Rank among metro and micro areas for assisted living (without nursing care) loans	9 of 321
Rank of assisted living (without nursing care) among the classes in this area	15 of 39
Location quotient (share of loans against the national share)	0.79x
Median loan against the national median for the class	1.08x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	22.2%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA assisted living (without nursing care) loans approved in the Miami-Fort Lauderdale-West Palm Beach, FL Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	withheld	withheld
FY2018	6	$3.0 million
FY2019	withheld	withheld
FY2020	8	$20.6 million
FY2021	10	$8.8 million
FY2022	withheld	withheld
FY2023	withheld	withheld
FY2024	8	$7.9 million
FY2025	9	$18.1 million
FY2026	6	$7.5 million

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Florida First Capital Finance Corporation, Inc.	10	$23.4 million
Florida Business Development Corporation	9	$8.2 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Celtic Bank Corporation	5	$8.1 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Broward County, FL	31
Miami-Dade County, FL	18
Palm Beach County, FL	11

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

Only assisted living without on-site nursing has its own code; memory care has none. Assisted living with nursing is counted in the skilled nursing and continuing care retirement community classes.

Shared code: Assisted living WITH nursing is indexed to 623110 and 623311.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-33100-C05.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a assisted living (without nursing care) project in the Miami-Fort Lauderdale-West Palm Beach, FL Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Assisted Living Feasibility Study in the Miami-Fort Lauderdale-West Palm Beach, FL Metro Area