REDDING, Calif. — Lancaster Pollard Mortgage Company has provided $3.9 million in FHA Sec. 232/223(f) financing for Sundial Assisted Living in Redding, approximately 170 miles north of Sacramento.
MAINE, MASSACHUSETTS and NEW HAMPSHIRE — HFF has secured an undisclosed amount of financing for an eight-property, 565-unit seniors housing portfolio located in New England.
ORCHARD PARK and PITTSFORD, N.Y. — KeyBank Real Estate Capital has originated a total of $65.9 million in Freddie Mac financing for two seniors housing properties in Western New York.
NEW YORK CITY — Commercial real estate advisory firm Newmark Knight Frank (NKF) has expanded its seniors housing team, hiring Heidi Brunet and Lisa Lautner as executive managing directors.
Capital sources continue to put money into seniors housing, but have strengthened underwriting and encourage developers/operators to be more conservative on their assumptions.
