Assisted Living Feasibility Study in Nevada

A near-national weighting and a franchise share of 11.1%

Nevada's assisted living record sits close to the national pattern. The location quotient is 0.94x, nearly level with the country, and the median loan of $690,000 is 0.91x the class median nationally. The franchise share is 11.1% of loans. The file covers 27 loans over FY2017 to FY2026, worth $42.6 million, which ranks the state 21 of 50, with the class standing 16 of 39 in Nevada.

Range, programs and counties

The middle band of loans runs from $532,000 to $2.5 million, a wide range that covers a small residential care home and a purpose-built community. Twenty of the loans are SBA 7(a), and the remaining 7 are SBA 504. Clark County accounts for 18 of the loans, Washoe County for 7, and Carson City and Lyon for 1 each. No other county appears in the file. Approvals were uneven, with none in FY2019, 5 in FY2021 and a high of 7 in FY2026. No lender is named for this cell, because no single lender holds enough of its loans to be listed.

Why the franchise share matters

A franchised or branded care home arrives with an operating system, a marketing programme and a training model, which can reassure a lender but also adds fees that reduce the income available for debt service. A study for a branded Nevada home therefore has to net those fees out of revenue. For an independent operator the opposite applies: the study must show where its census and its staff will come from without a system behind it.

Coding and unpublished outcomes

The code for this class covers homes with no on-site nursing and nothing else. Memory care is not counted separately, while Nevada homes that provide nursing sit in the separate skilled nursing and continuing care groupings, pages worth reading beside this one for a mixed-acuity plan. Outcome rates for Nevada are held back under Loan Analytics' own rule, which holds back every rate built on a cohort under 30 loans; neither the cancelled approvals nor the charged-off funded loans reaches that size. Nothing is printed, and nothing here should be read as zero.

Testing a Nevada care home

Clark County holds most of the record, but a study should not assume demand follows it. It has to count seniors who can afford private pay rates near the site, existing beds and their occupancy, and the pipeline of new homes. Staffing is a real constraint for any care home, so wage and turnover assumptions should be tested. The cost budget should be set beside a typical loan near $690,000 and any large departure explained. Lease-up, the licensing timeline and the stabilised census drive coverage of the debt payments, and an appraiser will value the home on licensed beds and the income they earn.