TELFORD, Pa. — HJ Sims has completed a $32.1 million refinancing Lutheran Community at Telford (LCT), a continuing care retirement community in Telford, approximately 35 miles north of Philadelphia.
Finance
Red Stone Partners Arranges $18.8M in Bonds to Preserve Three Affordable Communities in Los Angeles County
by Jeff Shaw
LOS ANGELES — Red Stone Tax-Exempt Funding LLC recently provided $18.8 million in bond financing to BlueGreen Preservation and Development. The tax-exempt bonds will be used to acquire and rehabilitate a 90-unit portfolio of affordable seniors housing properties in the Los Angeles metro area.
Harborview Closes a $14.2M Bridge-to-HUD Loan for Four-Property Skilled Nursing Portfolio in Texas
by Jeff Shaw
TEXAS — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $14.2 million loan for a four-facility skilled nursing portfolio totaling 472 beds in Texas. The names and specific locations of the properties were not disclosed.
KeyBank Arranges $23.8M Fannie Mae Financing for Affordable Communities in Texas, Wisconsin
by Jeff Shaw
CONROE, Texas, and MADISON, Wis. — KeyBank Real Estate Capital has arranged a total of $23.8 million Fannie Mae credit facility to Harmony Housing, a nonprofit affordable housing investor. The financing will be used to refinance or acquire three affordable seniors housing communities.