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.
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.
WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development (HUD) has released production data for its FHA 232 mortgage insurance program, which finances seniors housing properties, for the 2019 fiscal year ending Sept. 30.
WESTMONT and LAKE ZURICH, Ill. — CBRE has arranged a $45.7 million refinancing for Aspired Living of Westmont and Azpira Place of Lake Zurich, both seniors housing communities outside of Chicago.
NEW YORK CITY — Greystone, a New York-based national commercial real estate lending, investment, and advisory company, has hired Tyler Armstrong as a managing director with the Seniors Housing Lending team.
BALTIMORE — M&T Realty Capital Corporation, a Baltimore-based lender, has closed a Fannie Mae credit facility totaling $79.7 million for the acquisition of a four-property, multi-state seniors housing portfolio.
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.
