Dougherty Mortgage Arranges $5.1M Loan for Seniors Housing Community

ST. PAUL, Minn. — Dougherty Mortgage has arranged a $5.1 million Fannie Mae loan for the refinancing of Riverview Highlands, a 54-unit seniors housing property in St. Paul. The 12-year loan includes a 30-year amortization schedule. Dougherty’s Minneapolis office arranged the loan for the borrower Riverview Highlands LLC.

MidCap Financial Refinances Healthcare Facilities in Wisc. and Mich.

BETHESDA, Md. — MidCap Financial, a specialty finance firm focused on the middle market in North America and Europe, has closed a $50 million transaction with Rice Health Care Centers, Inc. The loan is secured by 22 seniors housing and skilled nursing facilities on 16 distinct campuses throughout Wisconsin, and one in Michigan.

NHI Closes $154.5M Loan to Expand Wash. Community

ISSAQUAH, Wash. — National Health Investors (NYSE: NHI) has finalized a previously disclosed agreement to lend up to $154.5 million to recapitalize and finance the expansion of Timber Ridge at Talus, an entrance-fee senior living community in Issaquah, Wash.

Cambridge Refinances Four Okla. Facilities for $10.3M

Cambridge Realty Capital Companies has arranged a $10.3 million conventional loan to refinance four Oklahoma facilities: the Heartsworth Center for Nursing & Rehab and Heartsworth House Assisted & Independent Living in Vinita, and the North County Center for Nursing & Rehab and North County Assisted Living in Collinsville.

CNL Healthcare Properties Adds $405M Credit Facility

ORLANDO, Fla. — CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and healthcare properties, has entered into a $405 million unsecured credit facility and term loan, which can be expanded to $700 million.

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