MARYLAND · NAICS NAICS 6233 family
Maryland's affluent aging suburbs from Montgomery County to the Baltimore collar keep senior housing demand and competitive supply rising together. Lenders treat senior housing as study-mandatory in practice, with month-by-month ramp, payer mix, and staffing analysis expected in the package.
FEASIBILITY TRIGGER
Special-purpose senior housing is study-mandatory in practice, with month-by-month ramp, payer mix, and staffing analysis expected.
Maryland generated 44 SBA-disbursed assisted living loans between FY2010 and FY2026, worth $33.3 million in approved 7(a) and 504 financing at an average of $756,000 per deal. Ranked #15 of 38 states for assisted living SBA volume, the state captures 0.9% of national assisted living dollars. 86.4% of the loans ran through 7(a) with 504 covering the remainder; 7 approvals have posted since FY2024.
| Disbursed loans (FY2010–FY2026) | 44 |
| Approved volume | $33.3 million |
| Average loan size | $756,000 |
| 7(a) share | 86.4% |
| Approvals since FY2024 | 7 |
| State rank by loan count | #15 of 38 |
Among the 31 seasoned loans in this segment (approvals FY2010–FY2021), 9.7% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for assisted living is 4.1%, against 7.3% across all industries. That performance runs above the national benchmark for this asset class, which is a factor lenders weigh in their credit decision.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 9.7% adverse-resolution rate against the national assisted living benchmark of 4.1% tells credit committees to scrutinize revenue projections and coverage assumptions closely on Maryland deals in this class. A rigorous third-party feasibility study — built on documented demand, defensible pricing, and stressed coverage — carries meaningful weight in that underwriting conversation, particularly at an average loan size of $756,000 across 44 loans.
Every Maryland assisted living project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Maryland projects often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate, and SBA 7(a) covers acquisitions, working capital, and equipment. From July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Maryland's affluent aging suburbs from Montgomery County to the Baltimore collar keep senior housing demand and competitive supply rising together, exactly the tension a credible study resolves.
For a national view of this asset class, see our assisted living SBA feasibility overview, and read our related analysis in the assisted living lending research on our blog.
Compare neighboring markets: Maine, Massachusetts, Texas.
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Fifteen-minute scoping call, written proposal inside one business day, firm fixed fee before you sign.
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