Assisted Living Feasibility Study in the Tucson, AZ Metro Area

Assisted living in the Tucson area

A location quotient of 4.46x is the headline of the Tucson, AZ record for assisted living without nursing care: these homes occupy a far bigger place among local loans than among loans nationally. Locally the class is 7 of 39, and nationally the area stands 23 of 321. The record holds 27 loans and $17.7 million, FY2017 to FY2026. The median loan of $235,000, however, is only 0.31x the national median for the class, so Tucson homes are numerous and financed in small amounts.

Sizes, programs and the 504 holder

From $137,500 to $806,550 runs the middle half of loans, a wide range for care homes. The program counts are 21 for SBA 7(a) and 6 for SBA 504. Franchise brands are absent here (0.00%). Pima County, AZ holds all 27. Arizona Capital Source is the only lender printed, with 6 SBA 504 loans that come to $4.8 million.

FY2017 shows 6 loans and $1.4 million, FY2019 shows 5 loans and $1.2 million, and FY2021 shows 5 loans and $8.1 million. The FY2021 total stands far above the other two for a similar loan count, which points to some large loans. FY2023 reads 0 loans and $0: SBA approved none. The rest of the years are too thinly populated to list. Neither floor on cancelled approvals nor floor on charge-offs is available, since Loan Analytics requires 30 loans before it will compute one.

Limits, and what a Tucson care-home study has to test

The class takes in only those homes that lack nursing staff on the premises. A memory care operator finds no code of its own here, and assisted living with nursing belongs to other classes, which means a sponsor planning nursing or memory care should also consult the pages for those classes. A study here must answer the question that 4.46x poses: if homes already weigh so heavily in local lending, where will the next one find residents who can pay? It should test the senior population within a practical drive, the rate structure, staffing cost and licensing, and cover the debt payment at a stabilised census after a slow fill. The appraisal should rest on licensed beds and the income they produce, and a median loan of only $235,000 means the study should say plainly what the money buys. Which loans belong to the Tucson area is settled by matching each home's county to the July 2023 list.