The process
How RCFE Lending Works
From first conversation to funded loan — here's exactly what to expect when you work with us.
A Process Built Around RCFE Operators
We've streamlined every step for residential care facility owners. No chasing generic commercial lenders who don't understand your business. Our process is direct, transparent, and designed to move at the speed your deals require.
Initial Consultation
Day 1Tell us about your facility, your goals, and your timeline. We'll ask about the property, your operating history, and the loan structure you need. No obligation — just a focused conversation with a specialist who understands RCFEs.
- 15–30 minute call with an RCFE lending specialist
- Review your facility type, license status, and census
- Discuss loan amount, structure, and timing
- Identify the right loan program for your situation
Pre-Approval
24–48 HoursSubmit a brief application and we'll issue a pre-approval letter — typically within 48 hours. This gives you the confidence to move forward on acquisitions or begin the refinance process.
- Complete a short loan application
- Provide basic facility financials and license copy
- Receive a written pre-approval with loan terms
- Lock in your rate or proceed to full underwriting
Document Collection
Week 1–2We'll send you a clear, itemized document checklist. Our team guides you through every item — we know RCFE financials and can help you organize your operating statements, census reports, and licensing documents.
- 2 years of facility operating statements
- Current census report or rent roll
- Copy of active RCFE license
- Personal financial statement
- No W2's or tax returns required
Underwriting & Appraisal
Week 2–4Our underwriters review your file with deep RCFE expertise — evaluating operational income, Medi-Cal reimbursements, census trends, and licensing status. A licensed appraiser familiar with care facilities will value the property.
- RCFE-specific income analysis and underwriting
- Property appraisal by a qualified care facility appraiser
- Title search and preliminary title report
- Loan committee review and approval
Loan Funding!
Week 3–5Once approved, we issue a formal commitment letter and coordinate closing with your escrow and title team. Funds are wired on the closing date — you're ready to operate.
- Formal loan commitment letter issued
- Coordinate With Escrow and Title
- Coordinate with escrow, title, and your attorney
- Funds wired on the closing date
Typical Timeline at a Glance
Bridge loans can close in as few as 10 business days. Purchase and refinance loans typically close in 21–30 days.
Bridge Loan
10+ business days
Fastest option
Purchase Loan
21–30 days
Standard timeline
Refinance
21–30 days
Standard timeline
What Documents Will I Need?
We keep our document requirements focused on what actually matters for RCFE underwriting. Here's what most borrowers will need to prepare:
Facility Documents
- Active RCFE license (or pending transfer documentation)
- 2 years of facility profit & loss statements
- Current census report or resident roster
- Medi-Cal provider agreement (if applicable)
Property Documents
- Purchase contract (for acquisitions)
- Current mortgage statement (for refinances)
- Property insurance declarations page
- Lease agreement (if leasing the real estate)
Borrower Documents
- Personal financial statement
- 2 years personal tax returns
- Government-issued ID
- Entity documents (articles, operating agreement, EIN)
Common Questions About the Process
How long does the process take from application to funding?
For purchase and refinance loans, plan on 21–45 days from the completed application to funding. Bridge loans can close significantly faster — as few as 10 business days when documentation is complete and the deal is straightforward.
Do I need to have all my documents ready before I call?
No. Start with a conversation. We'll tell you exactly what we need based on your specific situation. Many borrowers begin the process before they have everything assembled — we'll guide you through the checklist.
What if my facility is going through a license transfer?
License transfers are one of our specialties. We can structure bridge financing to carry you through the DSS transfer process, then refinance into permanent financing once the license is in your name.
Will you require a personal guarantee?
No personal guarantees or pledging collateral like SBA!
Ready to Start the Process?
Speak with an RCFE lending specialist today. Pre-approvals issued within 48 hours.