Finance

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 …

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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 …

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Assisted LivingFinanceMemory CareMinnesotaNews

BWE Secures Financing for 89-Unit Assisted Living, Memory Care Community in Minnesota

by Hayden Spiess

ROCHESTER, Minn. — BWE has secured financing for AVIVA River Bend, an assisted living and memory care community located in Rochester in southeastern Minnesota, on behalf of Lloyd Jones.  Lloyd Jones acquired the property, which totals 89 units, in February 2022. The community was originally constructed in 2014.  Ryan Stoll and Taylor Mokris of BWE led the new financing. “The team’s experience and vision for AVIVA River Bend, combined with the strength of the Rochester market, made this an attractive financing opportunity,” says Mokris. 

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Assisted LivingFinanceFloridaMemory CareNews

Helios Provides $7M HUD-Insured Financing for Community in Tampa

by Hayden Spiess

TAMPA, Fla. — Helios Healthcare Advisors has provided $7 million in HUD-insured financing for an assisted living and memory care community located in Tampa.  Built in 2018 and situated near the Tampa International Airport, the property totals 92 beds. This transaction replaces the asset’s existing floating-rate senior debt. Helios utilized the recently established HUD “Express Lane” for the financing. 

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FinanceKentuckyNewsSkilled Nursing

Cambridge Arranges $21.5M Bridge-to-HUD Financing for Kentucky Skilled Nursing Facility

by Hayden Spiess

CHICAGO — Cambridge Realty Capital has arranged $21.5 million in bridge-to-HUD acquisition financing for a skilled nursing facility totaling 108 beds in Kentucky.  A regional commercial bank provided the first mortgage loan to the undisclosed borrower. Cambridge’s HUD LEAN platform will be used to refinance the bridge loan  Zach Scardina of Chicago-based Cambridge led the financing. 

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AcquisitionsFinanceNewsPennsylvania

Berkadia Brokers Sale of 78-Unit Assisted Living, Memory Care Community in Metro Philadelphia

by Hayden Spiess

PAOLI, Pa. — Berkadia has brokered the sale of Daylesford Crossing, a 78-unit assisted living and memory care community located 25 miles west of Philadelphia in the suburb of Paoli. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare negotiated the transaction on behalf of the seller, Boston-based investment firm AEW Capital Management. Berkadia also originated an $18 million bridge loan on behalf of the buyer, a joint venture between an Atlanta-based entity that will serve as the general partner and an institutional limited partner. …

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Company NewsFinanceNewsPeople

Frank Cassidy Returns to Walker & Dunlop as Senior Managing Director 

by Hayden Spiess

BETHESDA, Md. — Frank Cassidy has rejoined Walker & Dunlop as senior managing director, following his tenure as commissioner of the Federal Housing Administration (FHA) and assistant secretary for housing at the U.S. Department of Housing and Urban Development (HUD).  Cassidy, who previously helped grow the firm’s FHA lending platform, will advise clients on FHA and government-sponsored enterprise strategies, helping clients navigate the changing policy and capital markets environment.   “Frank returns to Walker & Dunlop at a defining moment in the housing industry,” says Sheri Thompson, executive vice president and head of …

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DevelopmentFinanceMontanaNews

Ziegler to Close $191.5M Bond Financing for St. John’s United 

by Hayden Spiess

BILLINGS, Mt. — Specialty investment bank Ziegler has announced the closing of a $191.5 million bond financing through the Montana Facility Finance Authority on behalf of St. John’s Lutheran Ministries, doing business as St. John’s United. The Series 2026ABC Bonds are scheduled to close this month. St. John’s United, St. John’s Foundation and Missions United, collectively comprise the Obligated Group, which owns a multi-campus senior living system located in the Billings and Laurel markets of Montana. The system features five senior living communities totaling 201 independent living units, 140 assisted living …

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ColoradoFinanceNews

Ziegler Closes $41.2M Bond Financing for Christian Living Communities

by Hayden Spiess

DENVER — Ziegler has closed Christian Living Communities Obligated Group’s $41.2 million Series 2026 Bonds, which were issued through the Colorado Health Facilities Authority.  Christian Living Communities Obligated Group is a three-property senior living organization based in Denver. The organization’s communities include Clermont Park, Someren Glen and Holly Creek in metro Denver. Together, the properties total 474 independent living apartments and villas, 122 assisted living units and 192 skilled nursing beds.  The parent group, Christian Living Communities, features other affiliate organizations and senior living communities, including three assisted living and memory …

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