NORFOLK, Va. — HJ Sims has arranged $201.1 million in financing for the construction of a new residential tower at Harbor’s Edge, a continuing care retirement community in Norfolk.
Finance
Labor shortages, rising interest rates and other challenges confronting seniors housing operators have failed to blunt the bullish outlook for industry growth. While the availability of debt and capital to fund that expansion has improved over the last several years, it continues to be an area of concern. In particular, developers are placing an emphasis on finding experienced and relationship-driven financing partners that can properly assess a borrower’s needs, match them with the best possible solution, and react quickly to regulatory changes or other unforeseen circumstances that may impact pro …
NORTH CAROLINA — Monticello Asset Management LLC has provided $35.6 million in first lien debt financing for the acquisition of three skilled nursing properties and two skilled nursing/assisted living facilities totaling 600 beds across North Carolina.