NEW YORK · NAICS NAICS 6233 family
New York assisted living projects are study-mandatory in practice, with month-by-month ramp, payer mix, and staffing analysis expected. Studies translate demographic and competitive supply data into defensible occupancy curves, stress-test private-pay capacity against the local trade area, and align the file with the state's licensing and certificate framework.
FEASIBILITY TRIGGER
Special-purpose senior housing is study-mandatory in practice, with month-by-month ramp, payer mix, and staffing analysis expected.
New York generated 25 SBA-disbursed assisted living loans between FY2010 and FY2026, worth $16.4 million in approved 7(a) and 504 financing at an average of $658,000 per deal. Ranked #23 of 38 states for assisted living SBA volume, the state captures 0.4% of national assisted living dollars. 92.0% of the loans ran through 7(a) with 504 covering the remainder; 4 approvals have posted since FY2024.
| Disbursed loans (FY2010–FY2026) | 25 |
| Approved volume | $16.4 million |
| Average loan size | $658,000 |
| 7(a) share | 92.0% |
| Approvals since FY2024 | 4 |
| State rank by loan count | #23 of 38 |
The state-level seasoned cohort in this segment is below our publication threshold of 30 loans, so no state rate is shown. Nationally, seasoned assisted living loans (approvals FY2010–FY2021) show an adverse-resolution rate of 4.1%, against 7.3% across all industries.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 4.1%, close to the national assisted living benchmark of 4.1%, puts New York deals in this class on ordinary SBA credit footing. Across 25 loans averaging $658,000, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every New York 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.
New York projects often fit SBA 504 where owner-occupied real estate anchors the deal, with the 50/40/10 structure delivering up to 90 percent financing at a fixed debenture rate, while 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.
Statewide aging demographics and metro private-pay capacity make occupancy ramp and staffing the central modeling problem for New York operators.
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: New Mexico, North Carolina, Texas.
Public SBA and CDC program records, cited as program evidence
$4.5M total project through Florida First Capital
Expansion from 38 to 92 beds with refinance, national program evidence
Florida
Fifteen-minute scoping call, written proposal inside one business day, firm fixed fee before you sign.
Book a Meeting