Wilshire Finance Partners

Wilshire Finance Partners is a leading private debt fund and a direct, balance-sheet bridge lender. Wilshire funds bridge loans from $1 million to $10 million secured by Multifamily/Apartments (5+ units), Mixed Use (predominantly apartments), Warehouse, Industrial, Self-Storage and Seniors Housing (independent living, assisted living, memory care and continuing care retirement communities). Lending is nationwide in primary and secondary markets.

Mergers and acquisitions in seniors housing is nothing new, but financial constraints throughout the rise of COVID-19 caused several owners and operators to reevaluate. Sometimes, shedding an underperforming property or facility is the gateway to financial health and stability. Conversely, acquiring an underperforming facility can also represent that same goal.
During a growth phase, or when market opportunities abound, it can be enticing to acquire properties that may fall outside the typical geographical territories owners and operators specialize in. Initially, this decision may seem like a strategic investment, until that outlier property becomes the portfolio problem child. Logistically, it may mean that management and owners are less present because of the physical distance, or because the business model of that property is significantly different from the others in the portfolio. These scenarios allow a variety of operational challenges to creep in, often leading to decreased revenue and occupancy.
Opportunistic Acquisition: As the name implies, opportunistic acquisitions are marketplace opportunities that represent risk and challenges, but simultaneously have tremendous potential for the right operator and management team. These acquisitions are complicated projects and may not see a return on investment for a few years. To be successful, an experienced owner or operator must helm an opportunistic acquisition with a talented in-market management team to make the turnaround possible. Opportunistic facilities often are cash flow constrained at acquisition due to lower occupancy and higher relative expenses, but present potential to produce a tremendous amount of cash flow once changes are made.
Value-Add Acquisition: A value-add involves a facility that may have poor occupancy and little cash flow at acquisition, but strong upside potential with a shorter timeline once the issues are addressed by the buyer (i.e., value-added to the facility or business model).
At Wilshire Finance Partners (Wilshire) we are in the business of financing opportunities. We focus on providing bridge loans and capital strategies to finance opportunistic and value-add acquisitions in the $1 million to $10 million range, specifically when an acquisition may not meet traditional lending requirements.

Wilshire Finance Partners is located in Irvine, California. They offer financing for Bridge Loans and Hard Money Loans. The property type they primarily lend against is Assisted Living, Multi Family, Industrial, Mixed use, Self-Storage, Senior, Student Housing and Warehouse. Their minimum loan amount is $1,000,000. Their maximum loan amount is $10,000,000. Maximum duration of 3 years.