SBA 7(a) Skilled Nursing Feasibility Study in Florida

Size, rank and loan sizes of Florida skilled nursing loans under SBA 7(a)

For skilled nursing projects in Florida, SBA recorded 26 approvals, $22.0 million in gross dollars, in Florida under 7(a) across FY2017 to FY2026. Among the states, Florida sits at 6 for skilled nursing loans under SBA 7(a) on count, while within Florida the class holds spot 31 of 39. The median skilled nursing loan in Florida is $338,600; against the national centre toward skilled nursing loans under SBA 7(a), 0.68x is the ratio, so Florida borrowers take lighter loans as the nation does. Half of all Florida loans run from $81,250 to $930,475. Franchised applicants account for 3.8% of the 26 loans. Neither the $338,600 median nor any other metric for Florida skilled nursing loans stands out from both parents, so Florida's lenders, counties and years carry the skilled nursing page.

Who lends, where and when in Florida

Within Florida, the counties with the most loans are Palm Beach with 5, Miami-Dade with 4, Broward with 3 and Lee with 3. On the calendar for Florida, approvals peaked at 9 loans, worth $3.5 million, in FY2023, with FY2026 at 4 loans and $10.1 million; this series opened with 1 loans in FY2017.

Florida: cancellations, charge-offs and one skilled nursing coding limit

For Florida skilled nursing, no cancellation rate after approval is shown, since the Florida cohort holds too few skilled nursing loans for a rate; a skilled nursing blank for Florida means held back, never a zero. For Florida skilled nursing loans disbursed from FY2017 to FY2021, the Florida skilled nursing loss rate is withheld; with a statistically thin Florida cohort, no Florida number is offered and no zero is implied for skilled nursing. Every Florida skilled nursing rate above is a minimum, since open skilled nursing loans may yet fail. The grouping carries a coding limit worth noting in Florida: in Florida's data, skilled nursing projects sit with in-patient hospice plus senior living which offers nursing care, all under one classification.

What a Florida skilled nursing study must prove

Under 7(a), a Florida skilled nursing request is judged by the Florida originating lender, whose guaranteed skilled nursing loan depends on Florida repayment capacity, and the study has to document the collateral. Occupancy for a Florida skilled nursing center rests on local older households, Medicaid bed limits, payer mix and competing facilities. Construction cost and the extended approval and census ramp belong in the Florida skilled nursing cost plan. Stress the Florida skilled nursing numbers at the $338,600 median and at $930,475: coverage which holds only in a good case is not persuasive. Valuation for a Florida skilled nursing property depends on mature occupancy plus payer mix, and our prediction gives both.

Daniel Smith, MAI, signs the Florida skilled nursing study: the $22.0 million approved before is orientation, while the skilled nursing study itself settles the local questions; Florida approval is never promised here.