MENOMONEE FALLS, Wis. and MISSION VIEJO, Calif. — Ziegler, a specialty investment bank acting as exclusive advisor to the seller, has arranged the sale of leasehold interests and transfer of operations of Harmony Living Centers LLC to The Ensign Group.
Assisted Living
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 …