CINCINNATI and BRUNSWICK, Ohio — Dwight Capital has provided a total of $14.2 million in bridge and mezzanine financing for two skilled nursing facilities in Ohio.
EAST NORTHPORT, N.Y. — Cambridge Realty Capital Cos. has arranged $10.4 million in HUD financing for Birchwood Suites, a seniors housing community in East Northport, a hamlet on Long Island.
WENATCHEE, Wash. — Contemporary Healthcare Capital has provided a $2.4 million mezzanine loan to Regency Pacific Management.
MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI), a publicly traded healthcare REIT based in Murfreesboro, has entered into a $300 million bank term loan with a five-year maturity.
NILES and MILAN, Ohio — Cambridge Realty Capital Cos. has provided HUD loans for three Continuing Healthcare-owned skilled nursing facilities in Ohio.
MESQUITE, Nev. — Contemporary Healthcare Capital has provided $2.5 million in mezzanine financing for Mission Senior Living to develop a 78-unit seniors housing community.
FEDERAL WAY, Wash. — CBRE has arranged $21.6 million in financing for Village Green Retirement Campus, a 167-unit independent living and assisted living community in the Seattle suburb of Federal Way.
TUCSON, Ariz. — Columbia Pacific Advisors, through is bridge lending platform CPIF Lending, has provided a $6.2 million loan to Frontier Management.
By Matt Valley
Two words, “extreme competitiveness,” sum up the first eight months of 2018 in the seniors housing lending arena, says Richard Thomas of Grandbridge Real Estate Capital, a subsidiary of BB&T Corp.
RED BANK, N.J. — Locust Point Capital has closed its debut fund, Locust Point Private Credit Fund LP. The company plans to provide subordinate debt, preferred equity, and opportunistic senior mortgage loans to owner-operators in the seniors housing and care sector.