COVINGTON, Ga. — Greystone has provided $15.8 million in Freddie Mac financing for the construction of Legends of Covington, a 198-unit affordable seniors housing community in the Atlanta suburb of Covington. PJ McDevitt of Greystone originated the transaction on behalf
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NEW YORK CITY — Monticello Asset Management LLC has provided $40 million in first lien debt financing for an assisted living facility in the Bronx. The property features a total of 256 beds. The borrower and name of the facility
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ILLINOIS — Capital Funding LLC has provided bridge-to-HUD financing for the acquisition of six skilled nursing facilities located throughout Illinois. The portfolio totals 594 total beds. The borrower, amount of capital, and names and locations of the properties were not
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The Federal Housing Finance Administration’s (FHFA) recent decision to maintain healthy multifamily purchase volumes for Fannie Mae and Freddie Mac calmed market uncertainties over capital availability for the remainder of 2019 and 2020, which had increased loan spreads by 30
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AMERICAN FORK, Utah — Capital Funding LLC has provided $14.7 million in financing for Stonehenge of American Fork, a 119-bed skilled nursing facility in American Fork, approximately 30 miles south of Salt Lake City.
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WILMINGTON, N.C. — Live Oak Bank, a Wilmington-based lender, as hired Chad Borst to work with the company’s seniors housing team.
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VENICE, Fla. — Cushman & Wakefield Senior Housing Capital Markets, in collaboration with Bridge Structured Finance, has arranged financing for Jacaranda Trace, a seniors housing community in Venice, a beachfront city south of Tampa.
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YUMA, Ariz. — Lancaster Pollard Mortgage Co.’s affiliate OREC Structured Finance Co. has arranged a $12.7 million bridge loan for River Valley Estates, a seniors housing community in Yuma.
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HONOLULU — Sims Mortgage Funding (SMF), a subsidiary of HJ Sims, has arranged $14.1 million in financing for Liliha Healthcare Center, a 92-bed skilled nursing facility in Honolulu.
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NEW HAVEN, Conn. — HJ Sims has closed $45.8 million in financing for The Mary Wade Home, a healthcare facility in New Haven that offers a skilled nursing center, residential care home services, adult day medical health center, physical rehabilitation
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MIAMI — Counterpointe Sustainable Real Estate has arranged a $3.7 million, 20-year, Commercial Property Assessed Clean Energy (C-PACE) loan for renovations at the Victoria Nursing and Rehabilitation Center in Miami.
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Availability of financing leads to overbuilding in markets with low barriers to entry.
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MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI), a Murfreesboro-based REIT, has promoted John Spaid from executive vice president of finance to chief financial officer.
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MANTECA, Calif. — Capital One has provided a $7.7 million Fannie Mae loan for the acquisition of Almond Blossom Estates.
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SOUTH JORDAN, Utah — Lancaster Pollard Mortgage Company has arranged a $7.5 million refinancing for Riverway Assisted Living and Memory Care in South Jordan, approximately 15 miles south of downtown Salt Lake City.
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NEW YORK CITY — Capital One Healthcare, a New York-based lender, has provided a $285 million bridge loan to refinance a portfolio of 13 senior living communities owned by Prime Care.
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NEW YORK CITY — ORIX Corp. USA, the U.S. and Latin American business hub of Tokyo-based ORIX Corp., has agreed to acquire multifamily finance firm Hunt Real Estate Capital LLC, an affiliate of Hunt Cos. Inc.
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NEW YORK CITY — Monticello Asset Management, a New York-based private real estate and asset-based lender, servicer and manager has appointed Kim Gordon as managing director of working capital.
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DALY CITY, Calif. — Greystone has provided a $44 million loan for the acquisition of a 207-unit seniors housing property in Daly City, just south of San Francisco.
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BREWSTER, Mass. — Walker & Dunlop has provided $28.3 million in bridge financing for the acquisition of Pleasant Bay, a 25-acre seniors housing campus in the Cape Cod town of Brewster.
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RALEIGH, N.C. — KeyBank Real Estate Capital provided a $40 million bridge loan to refinance Waltonwood Lake Boone, a seniors housing community in Raleigh.
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CLARKSTON, Ga. — NorthMarq has secured a $7.5 million permanent loan for Starnes Senior Living, an affordable seniors housing community currently under construction in the Atlanta suburb of Clarkston.
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LONG BEACH, Calif. — Greystone has provided a $33.7 million Freddie Mac loan to refinance Belmont Shores Mobile Estates, a 347-unit, age-restricted, manufactured housing and mobile home community in Long Beach.
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NEW YORK CITY — IDB Bank, a New York-based private and commercial bank, has hired Andrew Boland as senior vice president and head of healthcare, which includes seniors housing. He will report to Michael Paul, senior vice president and head
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The NIC Fall Conference is known as the place where deals get done. About 80 percent of attendees either receive or deliver capital as a result of the meetings they participate in at the conference, according to the National Investment
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LARGO, Fla. — Cambridge Realty Capital Cos. has arranged a $4.1 million HUD Lean loan to refinance Cabot Cove of Largo, a 63-bed assisted living facility.
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BETHESDA, Md. — Capital One has provided a $108.9 million loan to a joint venture owned by Sino-Ocean Capital and Bethesda-based Meridian Senior Living.
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