TENNESSEE — An affiliate of Monticello Asset Management LLC has provided a $16.5 million loan to Nashville 832 Wedgewood Property LLC for the acquisition of a 119-bed skilled nursing facility in Tennessee. The name and specific location of the property were not disclosed.
Finance
ROHNERT PARK, Calif. — Cushman & Wakefield’s Senior Housing Capital Markets Group has arranged $20.6 million in construction financing for Clearwater at Sonoma Hills, a 90-unit assisted living and memory care community in the Sonoma County metro of Rohnert Park.
WASHINGTON, D.C. — Fannie Mae provided more than $67 billion in financing for 750,000 multifamily units in 2017, the highest volume in the history of the Washington, D.C.-based government-sponsored lender. Seniors housing accounted for $5.5 billion of that total, an increase of 267 percent from $1.5 billion in 2016.
CHICAGO — Tom Paprocki, CEO of Chicago-based investment bank Ziegler, has announced he will retire effective March 31, 2018. Dan Hermann, currently head of Ziegler’s investment banking division, will be add the roles of president and CEO upon Paprocki’s retirement.