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 …
NEW YORK CITY — Berkadia has arranged $114.4 million in refinancing for an assisted living portfolio located in Ohio and Pennsylvania. A joint venture between New Perspective Senior Living and an undisclosed seniors housing owner was the borrower. Totaling 580 units, the portfolio is located in metro Cleveland and western Pennsylvania. As of January 2025, occupancy throughout the portfolio was 86 percent. The joint venture acquired the portfolio in 2022. Bloomfield Capital Partners provided the financing, which includes a two-year, interest-only bridge loan. Steve Muth, Garrett Sacco, Austin Sacco and Alec …
MARBLE FALLS, Texas — Helios Healthcare Advisors has arranged acquisition financing for an assisted living community located in Marble Falls, roughly 50 miles northwest of Austin. Marble Falls Assisted Living totals 25 units. According to Helios, the community was underperforming at the time of financing. An Arkansas-based bank provided the financing. Bill Janis, Justin Valle and Cullen Nguyen of Helios secured and structured the financing, which features a 100 percent loan-to-cost ratio, on behalf of the borrower. “Financing terms this favorable were available in large part due to the bank’s smaller …
WICHITA FALLS, Texas — Blueprint HCRE has arranged the recapitalization of Countryside of Wichita Falls, a 50-unit senior living community situated in Wichita Falls. The recapitalization included the introduction of new equity through a joint venture partnership. Following the closing of the transaction — brokered by Amy Sitzman and Giancarlo Riso of Blueprint — the joint venture began the execution of a business plan that features that conversion of units to memory care, as well as physical and operational upgrades. This marks the new joint venture owner’s first entry into the …
GALLATIN, Tenn. — BWE has arranged the sale and financing of The Capstone at Station Camp, a senior living community located in Gallatin, roughly 30 miles northeast of Nashville. Totaling 100 units, the property features assisted living and memory care. Charley Bissell, Ryan Stoll and Taylor Mokris of BWE represented the seller, Hunt Midwest, in the transaction. BWE also secured non-recourse acquisition financing through a regional bank on behalf of the undisclosed buyer. Kansas City-based Hunt Midwest is a privately held development company that has developed more than 875 assisted living …
NEW YORK CITY — MonticelloAM, a New York City-based seniors housing and multifamily bridge lending platform, has, with firm affiliates, provided $80 million in financing for a skilled nursing portfolio in Pennsylvania. The portfolio includes four facilities totaling more than 520 licensed beds. In addition to a $75 million bridge loan, the financing includes a $5 million working capital line of credit. Loan proceeds will be used by the borrower to acquire the facilities, fund the interest reserve and complete renovations at the properties. The financing features a 36-month initial term …
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