GRANITE BAY, Calif. — Cain Brothers Funding LLC, the mortgage banking affiliate of Cain Brothers, has arranged a $13.7 million mortgage loan for Eskaton Lodge Granite Bay, a 105-unit nonprofit assisted living facility in Northern California. The proceeds of the FHA loan were used to retire existing bank debt and an interest rate swap. As a result of the refinancing, Eskaton was able to eliminate the risks associated with the bank debt/swap structure and replace it with a 35-year fully amortizing loan with a fixed mortgage note interest rate of …
NEW YORK — Cain Brothers Funding LLC, the mortgage banking affiliate of Cain Brothers, has arranged a $17.8 million mortgage loan for Saints Joachim and Anne Nursing & Rehabilitation Center, a 200-bed skilled nursing center in Brooklyn owned by Catholic Charities of Brooklyn and Queens.
LEXINGTON, Ky. — Columbus, Ohio-based Continental Real Estate Companies and Carmel, Ind.-based Leo Brown Group have begun construction on a new senior living community in Lexington called Highgrove at Tates Creek.
GLENDALE and PLEASANTON, Calif. — Two California-based, nonprofit seniors housing owner/operators have announced plans to merge, creating the largest nonprofit seniors housing provider in California, according to the two companies.
MARIETTA, Ohio — Evans Senior Investments has arranged the sale of Glenwood Retirement Community, a hospital-owned entrance fee assisted living and independent living community in Marietta, for $11.2 million.
AVON, Conn. — Congress Building Corp., a construction firm based in Peabody, Mass., has completed construction of The Residence at Brookside, a three-story assisted living, independent living and memory care community located at 117 Simsbury Road in Avon.
VANCOUVER, Wash. — Evans Senior Investments has arranged the sale of a three-property seniors housing community, all located on the same campus in Vancouver, to a publicly traded REIT for $18 million.
PEORIA, Ariz — Heritage Communities of Omaha, Neb., has announced its plans to develop the company’s third seniors housing community in the Phoenix metro area: Orchard Pointe at Terrazza.
VANCOUVER, Wash. — Walker & Dunlop Inc. (NYSE: WD) has closed a $3.4 million loan for Arbor Ridge Assisted Living with the Vancouver Housing Authority.
MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) has purchased three seniors housing communities in North Carolina, Indiana and Tennessee for $67 million in a sale-leaseback transaction with affiliates of East Lake Capital Management.