PAYSON, Ariz. — MidCap Financial has arranged a $4.5 million bridge-to-HUD loan to refinance Compass Senior Living’s Majestic Rim Retirement Living, located in the Phoenix suburb of Payson.
CHERRY HILL, N.J. — Hammond Hanlon Camp LLC, a healthcare-focused investment banking firm, has arranged the sale of Cadbury at Cherry Hill, a continuing care retirement community in the Philadelphia suburb of Cherry Hill.
WESTLAND, Mich. — Capital One has provided a $12.1 million fixed-rate HUD loan to refinance a 230-bed skilled nursing facility in the Detroit suburb of Westland.
GRAND RAPIDS, Minn. — Lancaster Pollard has arranged a $5.7 million FHA refinancing for River Grand Senior Living, a 61-unit assisted living and memory care community in the Northern Minnesota town of Grand Rapids.
IRVINE, Calf. — MBK Real Estate Cos. has hired Jeff Fischer as president of the company’s senior living division, MBK Senior Living. In his new role, Fischer lead MBK Senior Living’s strategic operations plans, team building and leadership, as well as drive division’s ongoing growth.
SACRAMENTO, Calif. — Monticello Asset Management, through one of its investment vehicles, has participated in a $14.3 million bridge-to-HUD loan to 2200 Gramercy Drive LLC. The borrower will use the funds to acquire an assisted living and skilled nursing facility in Sacramento.
LAKE OSWEGO, Ore. — Anthem Memory Care has appointed Jason O’Higgins as national director of sales. In his new role, O’Higgins will handle training, coaching, processes and other sales operations for the Oregon-based memory care operator.
MEMPHIS, Tenn. — A joint venture between Inspirit Senior Living and Care Investment Trust has acquired Foxbridge, a 120-bed independent living, assisted living and memory care community in Memphis.
AMARILLO, CLEBURNE, CONROE, CYPRESS and FORT WORTH, Texas — KeyBank Real Estate Capital has originated $62 million in financing for a five-property portfolio of Heartis-branded communities in Texas.
DELRAY BEACH, Fla. — Meridian Capital Group has arranged $23.9 million in financing for the development of a three-story, 118-unit seniors housing community in Delray Beach, approximately 50 miles north of Miami.