NEW YORK CITY — Berkadia has provided $25.8 million in financing for the acquisition of two memory care facilities located in upstate New York. The bridge loans feature a 24-month interest-only term with one 12-month extension option. Steve Muth and Ed Williams of Berkadia arranged the financing through Berkadia’s Proprietary Lending Group on behalf of the West Coast-based borrower. Together, the two facilities total 116 beds and were 94 percent occupied at the time of financing. The existing operator will remain in place following the acquisition.
CLEVELAND, Ohio — BWE has arranged $77 million in fixed-rate agency financing for a senior living community located in the Midwest. Fannie Mae provided the 10-year loan, which features full-term interest-only payments. Located in a major metropolitan market, the property offers a full continuum of care, with independent living, assisted living and memory care units. Ryan Stoll and Taylor Mokris of Ohio-based BWE secured the financing on behalf of the undisclosed borrower.
BALTIMORE — Capital Funding Group (CFG) has provided a $72.4 million bridge loan for the refinancing of a skilled nursing portfolio located in the Southeast. The nine facilities included in the portfolio are located throughout Georgia, North Carolina and South Carolina. “This transaction reflects the continued demand we’re seeing from experienced operators looking to unlock value and position their portfolios for long-term growth,” says Erik Howard, president of CFG Bank. “We focus on aligning capital with our clients’ broader strategy, supporting immediate priorities while strengthening the foundation for continued portfolio performance.” …
VENICE, Florida — Berkadia has arranged the sale and financing of Heartis Venice, a senior living community located in Venice. Built in 2021, the property totals 182 units, with independent living, assisted living and memory care residences. A joint venture between Caddis Partners and a private equity real estate fund sold the community to CPF Living Communities for an undisclosed price. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia represented the joint venture seller in the transaction. Austin Sacco, Garrett Sacco, Steve Muth and Alec Rosenfield of Berkadia …
OGDEN, Utah — Lument has provided a $26.8 million Freddie Mac loan for the refinancing of Treeo South Ogden, a senior living community located in Ogden, roughly 30 miles north of Salt Lake City. Leisure Care, which owns and operates the community, is the borrower. Opened in 2015, Treeo South Ogden features 143 independent living units. Tyler Armstrong, Chris Cain and Taylor Russ of Lument led the transaction. The loan, which features a 10-year term with five years of interest-only payments and a 30-year amortization period, is being used to refinance …
DENVER — Lightstone Capital has provided a $20 million first mortgage bridge loan to refinance Harvard Square by Cogir, a senior living community located in Denver. Funds managed by affiliates of Fortress Investment Group own the property, which is managed by Cogir Senior Living. Harvard Square by Cogir totals 216 units across four stories, with independent living, assisted living and memory care residences. Amenities at the property include a fitness center, activities room, golf simulator, library, salon and barbershop, café and pub. According to Lightstone Capital, this financing reflects the platform’s …
NEW YORK CITY — MonticelloAM has provided $46 million in financing for a skilled nursing portfolio located in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. Totaling five properties with more than 400 licensed beds, the portfolio features four skilled nursing facilities and one skilled nursing and independent living community. The borrower, which owns more than 80 healthcare properties across nine states, used the loan proceeds to acquire the portfolio.
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.
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