Bank Leumi USA Funds $23.5M Financing Package for Prestige Care Inc.

VANCOUVER, Wash. — Bank Leumi USA funded a $23.5 million deal with Prestige Care, a Vancouver-based operator of 80 senior living and rehabilitation centers across eight Western states. The deal will refinance one of Prestige Care’s asset-based lending revolvers and

COVID-19 Disruptions Negatively Impact Valuations

By Matt Valley Property valuations have decreased 5 to 10 percent overall across the seniors housing industry due to the operational disruptions caused by the COVID-19 pandemic. That’s the expert opinion of Imran Javaid, managing director of BMO Harris Bank,

Webinar: Seniors Housing Valuation Outlook: What’s Ahead for 2021?

On Jan. 28, Seniors Housing Business and sponsor V&IG hosted the webinar “Seniors Housing Valuation Outlook: What’s Ahead for 2021?” The panel discussion focused on what the marketplace looks like now (who is transacting now and what sorts of deals are happening, occupancy rates,

Grandbridge Arranges $36.3M Financing Package for BrightSpace Senior Living

CHATTANOOGA, Tenn. — Grandbridge’s Atlanta-based Seniors Housing and Healthcare Finance team has arranged $36.3 million in financing for BrightSpace Senior Living, a Chattanooga-based owner-operator. The financing package included two separate loans, both through Freddie Mac. The use of the funds

Ventas Closes New $2.8B Unsecured Credit Facility

CHICAGO — Ventas Inc. (NYSE: VTR) has closed a four-year, $2.8 billion unsecured credit facility. The credit facility was oversubscribed, with support from 24 new and incumbent financial institutions, according to the Chicago-based REIT borrower. “Ventas’ successful completion of this

Blueprint Hires Alex Florea to Lead New Capital Markets Practice

CHICAGO — Blueprint Healthcare Real Estate Advisors has launched a new capital markets practice, hiring Alex Flora to lead the new department as head of capital markets. The new practice seeks to provide creative debt and equity solutions including capital

Dwight Capital Closes $117.5M in Healthcare Financings

NEW YORK CITY — Dwight Capital provided over $117.5 million in healthcare financing during fourth-quarter 2020. Featured among these transactions are loans for several properties within the Recover Care, The Laurels, and Landmark portfolios. Dwight closed $15 million in bridge

KeyBank Provides Fannie Mae Financing for Enlivant Portfolio

CHICAGO — KeyBank Real Estate Capital (KBREC) has provided Fannie Mae financing for a multistate portfolio of properties operated by Enlivant, a Chicago-based owner-operator. The loan provides long-term, nonrecourse debt. The Fannie Mae financing was completed in conjunction with KeyBank