SARATOGA, Calif. — Specialty investment bank Ziegler has completed the closing of Odd Fellows Home of California’s $101.7 million Series 2026AB bonds through the California Statewide Communities Development Authority. The borrower is a nonprofit public benefit corporation that owns and operates two senior living communities, located in Napa and Saratoga. The borrower’s original senior living community, situated on a 37-acre site in Saratoga, has been in operation since 1912. The property comprises 141 independent living units, 85 assisted living apartments, a 94-bed skilled nursing facility and 15 memory care beds. Proceeds …
CHICAGO — Brokerage firm Evans Senior Investments (ESI) has expanded its platform with the addition of a dedicated capital markets and debt advisory team. Hank Fuller will serve as director and lead the capital markets practice, which will include Jeremy Laboe, senior capital associate. “Our clients were navigating debt alone,” says Fuller. “That gap is where we’re focused, running a disciplined, marketed process across our lender network to drive pricing, terms and execution certainty.” According to ESI, the firm has active relationships with more than 500 lenders, including banks, debt funds …
NEW YORK CITY — An undisclosed borrower has received $84 million in financing for a skilled nursing facility located in New York City. MonticelloAM provided the financing, which includes a $79 million bridge loan and a $5 million working capital line of credit, with an initial term of 30 months. Proceeds were used to acquire the facility, which totals 280 licensed beds. The borrower’s portfolio includes more than 20 healthcare properties.
CHICAGO — Cambridge Realty Capital has provided $49.7 million in HUD-insured first mortgage financing for a portfolio of five affordable seniors housing communities located in Arizona and Pennsylvania. Totaling 150 units, the Arizona property is located in Tucson. The Pennsylvania properties together comprise 321 units and are located in Danville, Clarks Summit and Hanover Township. According to Zach Scardina of Chicago-based Cambridge Realty Capital, the loans feature a fixed-rate, 35-year fully amortizing term. Funds from the loans will be used to retire existing debt, recapture equity and implement modernizations at the …
MINNEAPOLIS — Greystone has provided a $46.7 million bridge-to-HUD loan for the refinancing of a seniors housing portfolio located in metro Minneapolis. Totaling 153 beds across five properties, the portfolio features 97 assisted living and 56 memory care beds. David Young of Greystone originated the financing, which features a 24-month term with two six-month extension options. Chris Clare, Ryan Harkins, Ben Rubin, Parker Nielsen and Liam Gallagher of Greystone assisted on the transaction.
CHICAGO — Blueprint Healthcare Real Estate Advisors has acquired MidCap Financial Services’ FHA/HUD lending platform, marking a significant expansion of its Capital Markets practice. Through the acquisition, Blueprint will be able to offer clients long-term financing solutions. According to the company, Blueprint plans to offer buyers acquisition financing and provide its broader client base with refinancing solutions. Tony Marino has been appointed to lead the platform as senior managing director. Ramona Mitchell will serve as chief underwriter. Blueprint will also onboard the existing MidCap team, including Brian Therkildsen and Yvonne Redd. …
LAKEVILLE, Minn. — Berkadia has arranged the sale and financing of The Pillars of Lakeville, a senior living community located in Lakeville, a suburb situated roughly 25 miles south of downtown Minneapolis. Totaling 100 units, the property features independent living, assisted living and memory care. Amenities at the community include a fitness center, wellness programs, heated underground parking, a salon and spa, game room and pickleball court. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia represented the seller, a joint venture between Harrison Street Asset Management and Oppidan …
NEW YORK CITY — Greystone has provided a $46 million bridge-to-HUD loan for the refinancing of a seniors housing portfolio located in Ohio. Comprising two properties, the portfolio totals 118 skilled nursing units, 16 memory care units, 232 assisted living units and 10 independent living units. Christopher Clare, David Young, Ben Rubin, Ryan Harkins, Parker Nielsen and Liam Gallagher of New York City-based Greystone originated the financing. The borrower was not disclosed. “Bridge-to-HUD financing is a strategic solution for healthcare operators seeking to execute a transition plan and position assets for …
SUMMERVILLE, S.C. — GEM Realty Capital has received financing for the acquisition of The Claiborne at Brickyard Crossing, a senior living community located in Summerville, roughly 25 miles northwest of Charleston. Taylor Mokris and Ryan Stoll of BWE arranged the financing on behalf of the borrower. Opened in 2022, The Claiborne at Brickyard Crossing totals 142 units, with assisted living and memory care residences. According to BWE, the community was stabilized within 12 months of its opening. “There is a meaningful and growing appetite among lenders for the best seniors housing …
BALTIMORE — Capital Funding Group (CFG) has provided $51.2 million in financing for the acquisition of four skilled nursing facilities. Totaling 487 beds, the properties are located in Alabama, Arizona and Colorado. Andrew Jones and Ava Julio of CFG originated the bridge-loan transaction. “Every bridge loan we structure for an acquisition starts with the end in mind,” says Tim Eberhardt, executive vice president of bridge, HUD and agency at CFG Bank. “We build a clear path to HUD permanent financing from day one — so that as the borrower’s business grows …
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