Question 1

What is an RCFE loan?

Accepted Answer

An RCFE loan is a financing product specifically designed for owners of Residential Care Facilities for the Elderly. Unlike traditional bank loans or SBA loans, RCFE loans are underwritten based on the property's value rather than complex business financials, allowing faster closings and simpler documentation.

Question 2

Can I get a cash-out loan on my RCFE without SBA paperwork?

Accepted Answer

Yes. RCFE Lending offers cash-out loans up to 75% of your home's appraised value with no SBA paperwork required. We lend based on the property value, not tax returns or business plans, and can close in under 30 days.

Question 3

How long does it take to close an RCFE loan?

Accepted Answer

Most RCFE loans through our program close in under 30 days. Unlike traditional bank or SBA loans that take 60-90+ days, our streamlined underwriting process focuses on property value, not mountains of paperwork.

Question 4

What types of care homes qualify for RCFE lending?

Accepted Answer

We finance a range of care home property types including RCFEs (Residential Care Facilities for the Elderly), ARFs (Adult Residential Facilities), group homes, and behavioral health facilities throughout California.

Question 5

What is the maximum LTV for an RCFE loan?

Accepted Answer

RCFE Lending offers up to 75% loan-to-value (LTV) based on 100% of your home's appraised value. This means on a $1,000,000 property, you could access up to $750,000 in cash.

Question 6

How can I use the funds from an RCFE cash-out loan?

Accepted Answer

You can use the funds however you choose — renovations, purchasing additional care homes, paying off existing debt, covering operational costs, or any other purpose. There are no restrictions on how you deploy the capital.