BATON ROUGE, La. — Ziegler, a specialty investment bank, has closed a $56.7 million tax-exempt, fixed-rate Series 2015A bond issue and a $6.6 million 2015B taxable, fixed-rate bond issue for St. James Place in Baton Rouge.
BALTIMORE — Capital Lending and Mortgage Group LLC, a Baltimore-based lender in the healthcare and multifamily sectors, has closed a Bridge-to-HUD loan for affiliates of ARBA Group Inc. to purchase five skilled nursing facilities throughout Texas.
CARY, N.C. and TORONTO — Expanding its senior living market presence, North Carolina-based Dude Solutions Inc., a software-as-a-service provider of operations management solutions, has acquired Canadian software company Windmill Software Inc., including its flagship senior living operations software, TheWorxHub. The acquisition will grow Dude Solutions’ senior living footprint and also marks the opening of a Dude Solutions Canadian office in Toronto. Terms of the transaction were not disclosed.
JERICHO, N.Y. — KeyBank Real Estate Capital has provided $93.75 million in Fannie Mae loans to finance a portfolio of four assisted living communities on behalf of NorthStar Healthcare Income Inc., a public, non-traded REIT.
ELLICOTT CITY, Md. — Paula O’Neill has been selected as executive director of The Lutheran Village at Miller’s Grant, a continuing care retirement community (CCRC) under construction in Ellicott City.
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.
Published six times per year, Seniors Housing Business is the voice of the seniors housing industry, providing news and information on industry trends and issues and how they impact every stakeholder.
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