Finance

The-Steven_Rocklin-Calif
Affordable HousingCaliforniaDevelopmentFinanceNews

Merchants Capital Provides $193.8M in Construction Financing for Affordable Communities Near Sacramento 

by Hayden Spiess

ROCKLIN, Calif. — Merchants Capital has provided $193.8 million in construction financing for the development of two new affordable multifamily communities in Rocklin, about 20 miles northeast of Sacramento.   Dubbed The Frances and The Steven, the properties are being developed by USA Properties Fund. Upon completion, The Steven will feature 180 units for seniors age 55 and older, with residences reserved for renters earning between 30 and 70 percent of the area median income. Nonprofit LifeSTEPS will provide support services including classes in health and wellness, financial literacy, computer training, homebuying, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sharon-SouthPark_Charlotte-N.C
CCRCDevelopmentFinanceNewsNorth Carolina

Ziegler Closes $166.4M Bond Financing for Community Expansion in Charlotte

by Hayden Spiess

CHARLOTTE, N.C. — Ziegler has closed approximately $166.4 million in bond financing on behalf of The Presbyterian Home at Charlotte, doing business as The Sharon at SouthPark.  Originally founded in 1964, the organization owns and operates a continuing care retirement community in Charlotte. Situated on 28.1 acres in the SouthPark area of Charlotte, the community currently features 247 independent living residences, 38 assisted living units and 96 skilled nursing beds.  Proceeds from the financing will be used to fund an expansion project at the property. The expansion will add 64 new …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsPennsylvania

BWE Secures $40M Cash-Out Refinancing for Community in Metro Philadelphia

by Hayden Spiess

GLEN MILLS, Pa. — BWE has secured a $40 million cash-out refinancing for Cogir of Glen Mills, a community located about 30 miles west of Philadelphia in Glen Mills. Harbert Management Corp. is the borrower.  Ryan Stoll and Taylor Mokris of BWE arranged the financing through a regional commercial bank on behalf of Harbert.  Built in 2019, the community totals 173 units, with independent living, assisted living and memory care residences. Amenities at the property include multiple dining venues, a fitness center, movie theater, art studio, rooftop deck, landscaped courtyards and …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceNew JerseyNews

Joint Venture Receives $84.7M Bond Financing for Development West of New York City

by Hayden Spiess

PEAPACK-GLADSTONE, N.J. — Peapack Partners LLC — a joint venture between Distinctive Living Development, Melillo Equities and Pointsfive — has received $84.7 million in bond financing for the development of a seniors housing community in the New Jersey borough of Peapack-Gladstone, approximately 50 miles west of New York City.  Ziegler arranged the financing on behalf of the joint venture.  The project is an adaptive reuse of the former Pfizer Pharmaceuticals corporate headquarters. The financing will support the development of 66 assisted living units and 30 memory care units. Dubbed CopperWood Senior …

Continue Reading
0 FacebookTwitterLinkedinEmail
Brookdale-Portfolio
FinanceNews

Brookdale Receives $248.9M Refinancing for 5,027-Unit Portfolio

by Hayden Spiess

BRENTWOOD, Tenn. — Brookdale Senior Living has received a $248.9 million loan for the refinancing of a portfolio totaling 5,027 units.  Situated in 14 states, the portfolio comprises 45 communities.  Allison Holland, Alex Sheaffer and William Roberts of JLL Capital Markets arranged the refinancing on behalf of Tennessee-based Brookdale.  The five-year, fixed-rate loan through Fannie Mae is being used to refinance one trance of a three-tranche Fannie Mae credit facility originated in 2017.  The portfolio features a full continuum of care, with properties in markets including Phoenix, Los Angeles, San Francisco, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Fieldston-of-Fairway_Fairway-Kan
Active AdultFinanceKansasNews

JLL Arranges $66.9M Refinancing for Active Adult Community in Kansas

by Hayden Spiess

FAIRWAY, Kan. — JLL Capital Markets has arranged a $66.9 million loan for the refinancing for The Fieldston, an active adult community located in Fairway, approximately 10 miles southwest of Kansas City. A partnership between EPC Real Estate Group and Platform Ventures is the borrower.  Completed in 2025, the property is situated on 4.6 acres and totals 209 units. Amenities at the community include a swimming pool, sun deck, pub, golf simulator, spa, coworking spaces, outdoor kitchen, outdoor lounge, putting green, exercise studio, yoga studio, pet parlor and community garden.  Mark …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCFinanceIndianaNewsOhio

Ziegler Closes $66.5M in Bond Financings for Two Affiliates of BHI Senior Living

by Hayden Spiess

INDIANAPOLIS — Ziegler has closed bond financings for Maple Knoll Communities and Westminster Village North (WVN), two affiliates of Indianapolis-based BHI Senior Living.  For Maple Knoll, the financing included roughly $23.5 million in Series 2026 Refunding Revenue Bonds. Proceeds from the bonds will be used to refund the nonprofits outstanding Series 2021B bank loans. Maple Knoll owns and operates two continuing care retirement communities (CCRCs) in southwest Ohio — Maple Knoll Village in Springdale and The Knolls of Oxford in Oxford. The communities total 395 independent living residences, 90 assisted living …

Continue Reading
0 FacebookTwitterLinkedinEmail
Carolina-Village
CCRCFinanceNewsNorth Carolina

Ziegler Closes $45.6M Bond Financing for Carolina Village in Hendersonville, North Carolina

by Hayden Spiess

HENDERSONVILLE, N.C. — Ziegler has closed a $45.6 million bond financing on behalf of Carolina Village Inc., a non-profit senior living owner and operator based in North Carolina.  Founded in 1972, Carolina Village operates a continuing care retirement community situated on 94.8 acres in Hendersonville in western North Carolina. The property currently comprises 370 independent living residences, 60 assisted living units and 58 skilled nursing beds.  Funds from the Series 2026A bonds will be used to finance the design, pre-construction and permitting processes for a future expansion project, as well as …

Continue Reading
0 FacebookTwitterLinkedinEmail
Fairview_Groton-Conn
CCRCConnecticutDevelopmentFinanceNews

Ziegler Underwrites $304.2M Bond Financing for Campus Expansion in Connecticut

by Hayden Spiess

GROTON, Conn. — Specialty investment bank Ziegler has closed a $304.2 million bond financing to fund a senior living campus expansion in Groton in southeastern Connecticut. Ziegler served as the underwriter for the financing.  Non-profit senior living organization Fairview is the borrower. Fairview owns and operates a continuing care retirement community situated on 70 acres and will use the proceeds for an expansion project, dubbed Vista Point at Fairview.  Upon completion, the expansion will add 193 independent living units, 44 assisted living units and 28 memory care units. The development will …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts