Lancaster Pollard Consolidates Assisted Living Loans

BETHESDA, Md. — Lancaster Pollard has consolidated and refinanced multiple loans for Eden Homes, a four-community portfolio of assisted living facilities in Bethesda, into a single $5.7 million loan. The four communities are each in residential areas and designed to look like a single-family home.

Love Funding relishes its role as a specialist in HUD lending

Love Funding has been lending for over 30 years, but the past eight have marked a shift.

FHA and HUD lending has always been a hallmark of the company, which offers refinance, construction and acquisition financing programs for multifamily and affordable housing, as well as senior housing/healthcare facilities and hospitals. But in 2007, the company decided to play to their strength and focus solely on government-backed loans.

ARC Healthcare Trust II REIT To Go Public

NEW YORK — American Realty Capital Healthcare Trust II Inc., currently a non-traded real estate investment trust (REIT), plans to file an application to list its common stock on a national stock exchange. Subject to approval, the company expects its common stock to begin trading during the third quarter of 2015. Concurrent with the listing, the company intends to change its name to Healthcare Trust Inc. and list on the market as “HTI.”

Don’t Pay Double on Your Taxes: Property Tax Do’s and Don’ts for Seniors Housing

Many appraisal districts across the country will re-start the appraisal process on all properties in their respective locations at the start of the new year.

A vast majority of these appraisers are trained to value the most common property types in their jurisdictions such as office, multi-family, retail, etc.; however, the seniors living valuation methodologies are not part of the appraisal district’s strong suit.

Inaccurate property valuations result when districts are unfamiliar with the senior housing market overall. The more services offered at these facilities unrelated to real estate often yields a larger difference in valuation techniques.

KeyBank Arranges $26.7M Loans for Texas Long-Term Care Portfolio

COPPERAS COVE, HARKER HEIGHTS and KILLEEN, TEXAS — KeyBank Real Estate Capital has arranged a total of $26.7 million in FHA financing for a three-property, long-term care portfolio in Texas. Two of the properties are skilled nursing facilities and one is a combination skilled nursing and assisted living facility.

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