NorthMarq Arranges $23.7M Construction Loan for Communiy in Cincinnati
CINCINNATI — NorthMarq’s Cincinnati office has arranged $23.7 million of debt and equity for the construction of Airy Hills at North Bend Crossing in Cincinnati.
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Meridian Capital Group Arranges $64M in Financing for Portfolio in Virginia, Texas
VIRGINIA and TEXAS — Meridian Capital Group’s seniors housing and healthcare team arranged $58 million in senior and mezzanine financing to refinance a portfolio of memory care facilities in Virginia and Texas. The team also arranged the sale of an
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United Community Bank Promotes Dennis Rowlen to Head Senior Care Lending Division
BIRMINGHAM, Ala. — United Community Bank, a Birmingham-based lender, has promoted Dennis Rowlen to team leader of its Senior Care Lending Group.
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Greystone Provides $37M Fannie Mae Refinancing for Community in Metro Houston
PEARLAND, Texas — Greystone has provided a $37 million Fannie Mae seniors loan to refinance Watercrest at Shadow Creek Ranch, an independent living community in Pearland, a suburb of Houston.
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Greystone Provides $48M Refinancing for Community in Metro Atlanta
PEACHTREE CORNERS, Ga. — Greystone has provided a $48 million Freddie Mac loan to refinance Village Park at Peachtree Corners.
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KeyBank Arranges $10.6M Construction Financing for Affordable Community in Cincinnati
CINCINNATTI — KeyBank Community Development Lending and Investment (CDLI) has arranged $10.6 million in financing for construction of Walnut Hills Senior Campus in Cincinnati.
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BHI Hires Andrea Kantor to Head Healthcare, Nonprofit Division
NEW YORK CITY — BHI, a full-service commercial bank based in New York City, has appointed Andrea Kantor as head of healthcare and not-for-profit.
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HJ Sims Arranges $61.6M Financing for CCRC Expansion Near Philadelphia
ABINGTON TOWNSHIP, Pa. — HJ Sims has arranged $61.6 million in financing for an expansion project at Rydal Park, a continuing care retirement community (CCRC) in Abington Township, approximately 10 miles north of Philadelphia.
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Contemporary Funds Mezzanine Financing for Acquisition in North Carolina
GASTONIA, N.C. — Contemporary Healthcare Capital has provided a $504,750 mezzanine loan to affiliates of Ivy Senior Living.
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KeyBank Provides $88M HUD Refinancing for Four-Property Portfolio in Ohio, Kentucky
CINCINNATI, WEST CHESTER, Ohio, and FORT THOMAS, Ky. — KeyBank Real Estate Capital (KBREC) has provided $88 million in HUD financing to Northwind Group for the refinancing a four-property seniors housing portfolio.
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Lancaster Pollard Arranges $9.1M Refinancing for Memory Care Portfolio in Colorado
JEFFERSON COUNTY, Colo. — Lancaster Pollard, a division of ORIX Real Estate Capital, has assisted Applewood Our House in refinancing a portfolio of five memory care facilities in Jefferson County.
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SunTrust Originates $30.9M Fannie Mae Financing for Community in Lynchburg, Virginia
LYNCHBURG, Va. — SunTrust Banks Inc. has provided $30.9 million in Fannie Mae financing for Liberty Ridge, a 171-unit independent living and assisted living community in Lynchburg.
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Berkadia Provides $76.8M Acquisition Financing for Nine-Property Skilled Nursing Portfolio
NEW YORK CITY — Berkadia’s Seniors Housing & Healthcare Group, based in New York City, has provided $76.8 million in acquisition financing for nine skilled nursing facilities in Florida, Maryland, Michigan, Tennessee and Virginia.
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Skilled Nursing Facilities Face Unknowns with Patient-Driven Payment Model
Next week, the Center for Medicare and Medicaid Services (CMS) is scheduled to roll out a new reimbursement model that could significantly affect the cash flow and financial flexibility of skilled nursing facilities. Under the program, known as the Patient-Driven
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Contemporary Healthcare Capital Provides Mezzanine Financing for Nashville Acquisition
NASHVILLE, Tenn. — Contemporary Healthcare Capital has provided a $500,000 mezzanine loan to affiliates of Opal Senior Living for the acquisition of an assisted living and memory care community in Nashville.
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CIT Arranges $27.2M Financing for Two Assisted Living Facilities in Texas
SAN ANTONIO and AUSTIN, Texas — CIT Group Inc. (NYSE: CIT), through its Healthcare Finance group, has served as sole lead arranger on a $27.2 million loan for two assisted living facilities in Texas.
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Falling Rates Are Sweet Music to Borrowers’ Ears
Expect lenders to turn up the volume on loan closings.
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Lancaster Pollard Arranges $8M Financing for Memory Care Community in Nebraska
KEARNEY, Neb. — Lancaster Pollard Mortgage Co. has arranged an $8 million term loan for CountryHouse of Kearney, a 36-unit memory care community in Kearney.
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CIT Arranges $34M Refinancing for Community Near Houston
RICHMOND, Texas — CIT Group served as sole lead arranger for a $34 million financing for an assisted living community in Richmond, approximately 25 miles southwest of Houston.
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KeyBank Provides $28M Financing for Three Assisted Living Properties in Pennsylvania
LANDISVILLE, MILLERSVILLE and KULPMONT, Pa. — KeyBank Real Estate Capital has provided $28 million in HUD-insured financing for Persimmon Ventures.
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Monarch Advisors Arranges Construction Financing for 80-Unit Community in Georgia
THOMASVILLE, Ga. — Monarch Advisors has arranged an undisclosed amount of financing for the development of an assisted living and memory care community in Thomasville, located near the border between Georgia and the Florida Panhandle.
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CBRE Arranges $160.3M Refinancing for Brookdale Portfolio
BRENTWOOD, Tenn. — CBRE has arranged $160.3 million in financing for Brookdale, which will restructure debt on a five-property, 945-unit portfolio in Alabama, Michigan, Pennsylvania and Texas.
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M&T Provides $84.6M Financing for Three Seniors Housing Communities
SPRING LAKE, N.J., NEW YORK CITY and YORKTOWN, Va. — M&T Realty Capital Corp. has provided three loans totaling $84.6 million for seniors housing communities in New Jersey, New York and Virginia.
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Grandbridge Arranges $34M Construction Loan for Community in Pennsylvania
LIMERICK, Pa. — Grandbridge Seniors Housing and Healthcare Finance Group has arranged $34 million in financing for the construction of Arcadia at Limerick Pointe, a seniors housing development in Limerick, approximately 30 miles northwest of Philadelphia.
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HJ Sims Funds $5.1M Mezzanine Loan for Expansion in Arizona
MESA, Ariz. — HJ Sims has provided $5.1 million in mezzanine financing for Madison Realty Cos.
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Welltower Promotes Tim McHugh to CFO
TOLEDO, Ohio — Welltower Inc. (NYSE: WELL) has promoted Tim McHugh senior vice president and chief financial officer. McHugh has been with the company since 2016 and most recently served as senior vice president of corporate finance.
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Walker & Dunlop Provides $12.8M Financing for Skilled Nursing Facility in Illinois
AURORA, Ill. — Walker & Dunlop Inc. has provided $12.8 million in bridge financing for The Grove Fox Valley, a 156-bed skilled nursing facility in Aurora, approximately 40 miles west of downtown Chicago.
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