SOUTH JORDAN, Utah — Love Funding, a lender specializing in FHA loans for healthcare real estate, has closed a $6.8 million bridge loan for the construction of an assisted living and memory care community in the Sale Lake City suburb of South Jordan.
Low scores don’t necessarily equate to a low-quality provider
YUMA, Ariz. — Cushman & Wakefield Senior Housing Capital Markets has negotiated a $9 million loan for Mission Senior Living. The capital will be used to build River Valley Estates, an 88-unit assisted living and memory care community in Yuma.
BETHESDA, Md. — Walker & Dunlop Inc. (NYSE: WD) has arranged $222 million in HUD interest rate reductions for a portfolio of 30 skilled nursing properties.
SOUTH BURLINGTON, Vt. — The State of Vermont has awarded a $525,000 grant to Cathedral Square Corp. The nonprofit developer, along with Snyder Braverman Development Co. and People’s United Bank, will use the capital to help fund construction of City Center Senior Housing, a 39-unit affordable seniors housing community in South Burlington.
JERICHO, N.Y. — HRSE-EB, a joint venture between Engel Burman Group and Harrison Street Real Estate Capital, has planned a new Bristal-branded assisted living and memory care community in the Long Island hamlet of Jericho.
DALLAS — Capital Senior Living Corp. (NYSE: CSU), a Dallas-based operator, has appointed Paul Isaac and Ross Levin of Arbiter Partners Capital Management to the company’s board of directors. The two will collectively replace Keith Johannessen, the former president and COO who passed away in December.
SNELLVILLE, Ga. — Senior Lifestyle Corp. and Griffin Fine Living LLC have unveiled plans for The Sheridan at Eastside, a 197-unit independent living, assisted living and memory care community in the Atlanta suburb of Snellville.
LAKE FOREST, Calif. — Summit Healthcare REIT Inc., a non-traded REIT based in Lake Forest, has acquired partial interest in two skilled nursing facilities in the Northeast for $27 million.
DELRAY BEACH, Fla. — Walker & Dunlop (NYSE: WD) has structured a $35.8 million Freddie Mac Immediate Delivery Tax Exempt Loan (TEL) for Smith & Henzy Advisory Group. The funds will be used to acquire and renovate Lake Delray Apartments, an affordable seniors housing community in Delray Beach, along Southeast Florida’s coast.