WASHINGTON, D.C. — Financing for seniors housing properties through the HUD Lean Section 232 mortgage insurance program saw a notable increase for the fiscal year ending Sept. 30, with total volume jumping 20 percent over the previous year to $3.4 billion.
Finance
TRAVERSE CITY, Mich. — CBRE has arranged an undisclosed amount of financing for Cordia Senior Living and Cypress Partners. The money will be used toward Cordia at Grand Traverse Commons, a 110-unit independent living and assisted living community in Traverse City.
Valencia Realty Capital Structures $13M in Financing for NHI’s Acquisition of 63-Unit Memory Care Community in New Hampshire
by Jeff Shaw
RYE, N.H. — Valencia Realty Capital has arranged $13 million in financing for National Health Investors (NYSE: NHI). The loan package will be used toward NHI’s acquisition of Evolve at Rye, a 40-unit memory care community in Rye, located along the Atlantic Ocean near the Maine border.