SPRINGFIELD, Ill. — Cambridge Realty Capital Cos. has provided a $7.4 million HUD-insured loan for the Springfield Supportive Living Center, a 127-bed assisted living facility in Springfield, Illinois. Cambridge Realty Capital Ltd. of Illinois, Cambridge’s specialists in FHA-insured HUD loans,…
BOCA RATON, Fla. — Kayne Anderson Real Estate, the real estate investment arm of private equite firm Kayne Anderson Capital Advisors, has closed its latest at an oversubscribed level of nearly $1.9 billion. The fund, Kayne Anderson Real Estate Debt…
RICHMOND, Va. — Ziegler has arranged $193.2 million in bond financing for Westminster Canterbury Richmond, a continuing care retirement community (CCRC) in Richmond. Opening in 1975 as one of the first CCRCs in Virginia, Westminster Canterbury Richmond has become one…
KANSAS — Monarch Advisors has arranged $6.1 million in financing for the acquisition of two seniors housing communities in Kansas. The buyer is a long-time owner-operator in Kansas senior care. The seller, price and location details were not disclosed. A…
NEW YORK CITY — A partnership between multifamily owner-operator Asland Capital Partners and locally based investment firm Pembroke Residential Holdings has received $100 million in financing for the development of a 154-unit affordable housing project in the Soundview neighborhood of…
WEST ST. PAUL, Minn. — Colliers Mortgage has provided a $25.2 million HUD 223(f) loan for the refinancing of The Winslow in West St. Paul. The 172-unit affordable seniors housing community rises four stories. Units are restricted to persons age…
EVERETT, Wash. — Greystone has arranged $15 million in financing for Washington Oakes, a 152-unit seniors housing property in Everett, a northern suburb of Seattle. Tyler Armstrong of Greystone originated the transaction on behalf of Lytle Enterprises LLC. Washington Oakes…
ARIZONA — Capital Funding Group (CFG) has provided $17.2 million in Bridge-to-HUD financing for the acquisition of two skilled nursing facilities. The facilities, which are located in Arizona, support 232 beds. The buyer is the operator of the two communities,…
LOS ANGELES — JLL Capital Markets has provided a $30.3 million loan to refinance Nantucket Creek, a 172-unit, garden-style, age-restricted apartment community in the Chatsworth neighborhood of Los Angeles. JLL worked on behalf of the borrower, Universe Holdings, to secure…
BOSTON — Cushman & Wakefield has hired Zach Bowyer to lead the company’s Valuation & Advisory (V&A) Residential Practice Group in the United States. He will be based in Boston. Bowyer will collaborate with multifamily, co-living, subdivision, student housing and…
NILES, Ohio — Cambridge Realty Capital Cos. has provided a $15.3 million HUD-insured loan for Continuing Healthcare of Niles, a 136-bed skilled nusring facility located in Niles, approximately midway between Cleveland and Pittsburgh. Cambridge Realty Capital Ltd. of Illinois, Cambridge’s…
LENEXA, Kan. — Cushman & Wakefield has arranged $24.6 million in financing for the acquisition of Silvercrest at College View, a 136-unit independent living, assisted living and memory care community in the Kansas City suburb of Lenexa. Trustmark Bank provided…
BOCA RATON and LANTANA, Fla. — Ziegler acted as exclusive financial advisor in raising financing of $20.5 million on behalf of Comprehensive Care Capital (CCC) to acquire two seniors housing communities in Boca Raton and Lantana. The communities, Banyan Place…
FORT MYERS, Fla. — Ziegler has arranged $68 million in financing for Cypress Cove at HealthPark Florida, a continuing care retirement community in Fort Myers. The community currently features 377 independent living units, 44 assisted living units, 44 memory support…
IRVINE, Calif. — Avanath Capital Management LLC, an Irvine-based multifamily owner and operator that focuses on affordable and workforce housing, including for seniors, has promoted current CFO Wesley Wilson to partner. The move makes Wilson the youngest partner in the…
Although these funds collectively have raised billions of dollars, they are in no hurry to spend the capital amid dicey market conditions. By Bendix Anderson Talk about patient capital. Many private equity funds, flush with hundreds of millions of dollars,…
As lenders look for safe, secure deals in a turbulent environment, strong partnerships are a larger consideration than geography, age or care type. By Jeff Shaw In times of trouble, we look to the people we trust. That’s certainly the…
By Matt Valley Six lending professionals recently gathered on stage at the Omni Los Angeles to participate in a panel discussion that was both a two-year retrospective on COVID-19 and a deep dive into some of today’s hot-button issues affecting…
MOUNTAIN VIEW, Calif. — JLL Capital Markets has arranged an undisclosed amount of construction financing for the redevelopment of Italian restaurant Frankie, Johnnie & Luigi Too! into Mountain View Memory Care, a Class A, 54-unit, 60-bed, private-pay memory care community…
SPRINGFIELD, Ore. — Ziegler has acted as financial advisor in a debt placement totaling $24 million. The borrower, Onelife Senior Living, will use the funds to develop Esther Assisted Living Community, a 103-unit property in Springfield, a suburb of Eugene.…
ALEXANDRIA, Va. — Oxford Finance’s Healthcare Real Estate Group closed over $280 million of transactions in the first quarter of 2022, providing credit facilities ranging from $5 million to over $110 million. Highlights included: Oxford closed an $80.7 million term…
NEW YORK CITY — Greystone, a New York City-based commercial real estate finance company, has arranged an $80 million refinancing package for a 10-asset, 941-unit portfolio across five different states. The consolidation and refinancing of various debt obligations was completed…
FAIRFIELD, Conn. — HJ Sims, a Fairfield-based lender, has provided an undisclosed amount of refinancing for a senior living community in the Mountain West. A well-established owner, operator and developer of seniors housing communities, operates the assisted living and memory…
BALTIMORE — Capital Funding Group (CFG), a Baltimore-based lender, closed more than $840 million in the first quarter of this year. The transactions include 10 bridge loans and 11 HUD loans for CFG’s long-term care and assisted living industry clients,…
MILAN, Ohio — Cambridge Realty Capital Cos. has provided a $6.1 million HUD-insured loan for Continuing Healthcare of Milan, a 92-bed skilled nursing facility in Milan, a small village of fewer than 1,500 residents between Cleveland and Toledo. The loan…
HARTFORD, Conn. — M&T Realty Capital Corp. has closed $51.6 million in Fannie Mae Seniors Housing loans for the acquisition financing of a seniors housing portfolio located in the Hartford MSA. The borrowers are White Oak Healthcare REIT and Everbrook…
ST. PETERS, Mo. — Blueprint Healthcare Real Estate Advisors has arranged an undisclosed amount of development financing for The Bluffstone Senior Living, a ground-up seniors housing development in St. Peters, just across the Missouri River from St. Louis. Upon completion,…