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.
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. …
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