DSCR loan to develop an RCFE (Residential Care Facility for the Elderly)

[Paul Magda]

Hello,

I have a 0.5 acre parcel of bare land that I am currently looking to develop. All paid off, no loan on the land and its located in Roseville CA.

I plan on developing a RCFE home where I can run the business..I am currently in the research stage on how I can fund this development with little/no money out of pocket.

Are DSCR loans even available for new builds/developments like this? If so how are the limits calculated? An RCFE is a very profitable business and can produce some great cashflow. Will this effect the limits?

OR

Are there better loan options/products available for this?

Any input will be greatly appreciated.