Assisted Living Feasibility Study in the Riverside-San Bernardino-Ontario, CA Metro Area

Assisted living around Riverside and San Bernardino

In the Riverside-San Bernardino-Ontario, CA area, assisted living without nursing care sits 17 of 39 among the classes, yet nationally the area is 19 of 321 for the class. The FY2017 to FY2026 record holds 32 approved loans worth $42.8 million. A location quotient of 0.80x says care homes account for less of the area's lending than of lending nationally, while the median loan of $762,500 is 1.00x the class's national median: the typical loan matches the national one. The area's weight lies in how often it appears nationally, not in the size of a single loan.

Loan sizes and counties

The band from $558,000 to $1.7 million contains the middle half of loans, which reflects the cost of a licensed home. Riverside County, CA records 19 loans and San Bernardino County, CA records 13. Nothing here covers the 7(a) and 504 programs, franchise brands or individual lenders.

FY2018 stands at 0 loans and $0: nothing was approved. FY2021 shows 5 loans and $6.8 million, FY2022 shows 5 loans and $2.7 million, and FY2023 shows 5 loans and $5.5 million. The dollars differ sharply between FY2021 and FY2022 at the same loan count, a reminder that one large home can change a year. Other years go unshown for want of loans, which is different from none. The care-home cohort here is under 30 loans, so the page gives no figure for cancelled approvals and none for charged-off loans.

Limits, and what an assisted-living study must test

This class takes in homes without on-site nursing only. No code exists for memory care, and homes with nursing are counted in other classes, so a sponsor planning mixed acuity should read those pages too. Riverside-area membership is decided by the county where the financed project sits, matched to the July 2023 area list. A study should test how many residents with the means to pay live within a realistic drive of the site, licensing, staffing cost and the rate structure, then show the debt payment covered at a stabilised census after a slow lease-up. With a typical loan of $762,500, the appraisal must rest on what licensed beds earn once they are occupied.