SHELBURNE, Vt. — Ziegler, a specialty investment bank, has arranged $67.1 million in bond financing for Wake Robin, a continuing care retirement community in Shelburne, located along Lake Champlain just south of Burlington.
CLEVELAND — KeyBank Real Estate Capital has originated a $128 million term loan for a 13-property skilled nursing portfolio acquisition by a joint venture led by BlueMountain Capital Management.
DETROIT — Pillar Financial, a division of SunTrust Bank, has originated a $4.8 million HUD Interest Rate Reduction Program (IRRP) loan to refinance Delta Manor, an affordable seniors housing property in downtown Detroit.
NEW YORK CITY — Pillar Financial, a division of SunTrust Bank (NYSE: STI), has been approved as a Fannie Mae Seniors Housing Lender through the Delegated Underwriting and Servicing (DUS) program.
UNION CITY, Ga. — Hunt Mortgage Group has provided a $3.1 million HUD loan facility to refinance Country Gardens, a 50-bed assisted living and memory care community in the Atlanta suburb of Union City.
WILMINGTON, N.C. — Live Oak Bancshares,Inc. (NASDAQ: LOB) has hired Adam Sherman as the senior care lending team industry expert. Sherman will work alongside the lending team to serve seniors housing owners and developers.
ORLANDO, Fla. — Love Funding has arranged a $6.5 million loan for to refinance and rehabilitate Orlando Cloisters, an age-restricted affordable community in Orlando.
MARANA, Ariz. — HJ Sims has completed a $3.8 million financing for The Watermark at Continental Ranch, a proposed 99-unit assisted living and memory care community in the Tucson suburb of Marana.
