Tuesday, November 4, 2025
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Finance

Affordable HousingDevelopmentFinanceMassachusettsNews

MassDevelopment Issues $21.8M Bond Financing for Affordable Project in Boston

by Jeff Shaw

BOSTON — MassDevelopment has issued a $21.8 million tax-exempt bond for the construction of a mixed-use building in Boston’s Hyde Park neighborhood that will feature 63 units of affordable seniors housing and ground-floor retail. The borrower is CCC River LLC, an affiliate of B’nai B’rith Housing of New England Inc.  The new building will replace an underutilized commercial space containing an auto repair shop, and will be built to LEED and Passive House standards.  The 63 one-bedroom units will be rented to households earning up to 30 percent, 50 percent …

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Active AdultFinanceFloridaNews

Aztec Group Arranges $55.6M Financing for Arcadia Gardens Active Adult Community in Palm Beach Gardens, Florida

by Jeff Shaw

PALM BEACH GARDENS, Fla. — Aztec Group has arranged $55.6 million in bridge financing for Arcadia Gardens, an active adult community located in Palm Beach Gardens.  MetLife provided the loan to the borrowers, affiliates of the United Group of Cos. and Sina Cos. United Group also manages the property, which was developed in 2021. Situated on 10.6 acres, the age-restricted apartment community comprises 220 units reserved for residents age 55 and older.

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CCRCDevelopmentFinanceNewsTennessee

Ziegler Arranges $17.7M Bond Financing for HutsonWood at Spring Hill in Tennessee

by Jeff Shaw

SPRING HILL, Tenn. — Ziegler has arranged $17.7 million in bond financing for HutsonWood at Spring Hill. The borrower will use the financing proceeds to acquire approximately 20 acres of land and to finance certain pre-construction development costs related to an expansion and repositioning of an existing skilled nursing and assisted living community in Spring Hill, a suburb south of Nashville. Upon completion of construction, the project will provide a full continuum of care for residents on an approximately 35-acre campus consisting of 172 independent living units, 24 assisted living …

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FinanceNewsNorth CarolinaSkilled Nursing

CFG Provides $36.2M Bridge Refinancing for Five Skilled Nursing Facilities in North Carolina

by Jeff Shaw

NORTH CAROLINA — Capital Funding Group (CFG) has provided a $36.2 million bridge-to-HUD loan to support the refinancing of five skilled nursing facilities in North Carolina. The properties feature a total of 522 beds. Through this deal, CFG refinanced an existing loan to include two additional underleveraged facilities.  Tommy Dillon of CFG originated the transaction. Further details were not disclosed.

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Assisted LivingCaliforniaFinanceNews

Helios Arranges Working Capital for 64-Unit The Artesian in Ojai, California

by Jeff Shaw

OJAI, Calif. — Helios has arranged a working capital loan for The Artesian, a 64-unit assisted living and memory care community in the Ventura County city of Ojai. Constructed in 2020, the site consists of four 16-unit buildings, which utilize a universal worker model to provide care and services to residents. A capital infusion was required to cover operating deficits until the community achieved stabilization and to reconfigure additional units to memory care as the market showed a strong demand for this.  Through Helios’s extensive network of alternative capital sources, …

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FinanceMarylandNewsSkilled Nursing

First Citizens Bank Arranges $260M in Financing for 12-Property Skilled Nursing Portfolio in Maryland

by Jeff Shaw

MARYLAND — First Citizens Bank has served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland. The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities with investments in over 24 states. The licensed facilities represent more than 1,500 skilled nursing beds.

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Affordable HousingDevelopmentFinanceMassachusettsNews

Nixon Peabody Negotiates Green Retrofit Financing for Bauer House in Quincy, Massachusetts

by Jeff Shaw

QUINCY, Mass. — Nixon Peabody LLP has negotiated a Green & Resilient Retrofit Program (GRRP) transaction for Bauer House, a seniors housing community in the Boston suburb of Quincy. Wollaston Lutheran Church owns the property. The transaction also involved a Rental Assistance Demonstration (RAD) conversion and FHA-insured Section 223(f) loan originated by Hampden Park Capital and made by Lument Real Estate Capital. Bauer House, a subsidized residence for independent seniors, will use the GRRP funds and FHA-insured loan proceeds to finance a new energy-efficient HVAC system and to make accessibility …

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DevelopmentFinanceIndustry Voices

C-PACE Works — Try It, You’ll Like It.

by Jeff Shaw

By Jason Schwartzberg In 1971, Alka-Seltzer, the two-white-tablet packet that helps relieve heartburn, launched a commercial set in a neighborhood bistro where a waiter persuaded a man to sample a new dish. The actor explains: “Came to this little place. Waiter says, ‘Try this, you’ll like it.’ What’s this? ‘Try it, you’ll like it.’ But what is it? ‘Try it, you’ll like it.’ So, I tried it. Thought I was going to die. Took two Alka-Seltzer.” The actor concludes the spot by declaring: “Alka-Seltzer works. Try it. You’ll like it.” …

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