LOS ANGELES — Red Stone Tax-Exempt Funding LLC recently provided $18.8 million in bond financing to BlueGreen Preservation and Development. The tax-exempt bonds will be used to acquire and rehabilitate a 90-unit portfolio of affordable seniors housing properties in the Los Angeles metro area.
ROCKY RIVER, Ohio — Berkeley Point Capital has completed three HUD 232/223(f) refinancings for JAG Healthcare Group Inc. The Rocky River-based company will use the loans toward three skilled nursing facilities in Ohio:
DOYLESTOWN, Pa. — Multifamily & Healthcare Finance LLC (MHF) has received approval from HUD as a MAP and LEAN FHA-approved lender.
TEXAS — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $14.2 million loan for a four-facility skilled nursing portfolio totaling 472 beds in Texas. The names and specific locations of the properties were not disclosed.
PALM COAST, Fla. — HJ Sims has arranged $43.8 million in bond financing for the construction of Tuscan Gardens at Palm Coast, a 130-unit assisted living and memory care community in Palm Coast, located between Jacksonville and Orlando.
BROOMFIELD, Colo. — Love Funding has closed a $5.2 million refinancing for Town Centre Senior Apartments, an affordable seniors housing community in the Denver suburb of Broomfield.
CONROE, Texas, and MADISON, Wis. — KeyBank Real Estate Capital has arranged a total of $23.8 million Fannie Mae credit facility to Harmony Housing, a nonprofit affordable housing investor. The financing will be used to refinance or acquire three affordable seniors housing communities.
TEXAS — Hunt Mortgage Group, a New York City-based lender, has provided $27.6 million in loans to refinance a portfolio of eight skilled nursing facilities in Texas.
RYE, N.H. — National Health Investors Inc. (NYSE: NHI) has financed the acquisition of a 40-unit memory care community in Rye, located along the coast near the Maine border.
TULSA, Okla. — KeyBank Real Estate Capital has arranged a $13 million Freddie Mac first mortgage loan for Legend at Tulsa Hills, an 86-unit seniors housing community in Tulsa.