OXNARD, Calif. — Clearwater Living is preparing to open Clearwater at RiverPark, a 136-unit independent living community in the Southern California city of Oxnard.
UNION CITY, Ga. — Hunt Mortgage Group has provided a $3.1 million HUD loan facility to refinance Country Gardens, a 50-bed assisted living and memory care community in the Atlanta suburb of Union City.
WILMINGTON, N.C. — Live Oak Bancshares,Inc. (NASDAQ: LOB) has hired Adam Sherman as the senior care lending team industry expert. Sherman will work alongside the lending team to serve seniors housing owners and developers.
PHOENIX — Spectrum Retirement Communities has opened The Enclave at Anthem Senior Living, a 159-unit independent living, assisted living and memory care community in Phoenix’s North Black Canyon Corridor.
NORTHBROOK, Ill. — Cushman & Wakefield Senior Housing Capital Markets Group has brokered the sale of North Shore Place, a 156-unit assisted living and memory care community in the Chicago suburb of Northbrook. The price was not disclosed.
ORLANDO, Fla. — Love Funding has arranged a $6.5 million loan for to refinance and rehabilitate Orlando Cloisters, an age-restricted affordable community in Orlando.
MARANA, Ariz. — HJ Sims has completed a $3.8 million financing for The Watermark at Continental Ranch, a proposed 99-unit assisted living and memory care community in the Tucson suburb of Marana.
TOMS RIVER, N.J. — The Walters Group has opened Cornerstone at Toms River, a 102-unit active adult community in Toms River, approximately 60 miles south of New York City.
ANNAPOLIS, Md. — Skilled nursing occupancy has continued its free-fall, hitting a five-year low of 81.7 percent in the second quarter of 2017, according to a report released by the National Investment Center for Seniors Housing & Care (NIC).
BOCA RATON and ORLANDO, Fla. — Capital One has provided two loans — a $251 million bridge loan and a $300 million Freddie Mac seniors housing revolving credit facility — to Kayne Anderson Real Estate Advisors (KAREA). The loans will be used toward the planned $825 million acquisition of Sentio Healthcare Properties.