The market for construction financing is “pretty fickle right now,” a stark contrast from just a few years ago when the lending spigot for developers was flowing freely, according to Ari Dobkin, managing director of Meridian Capital Group.
AVON, Conn. — Lancaster Pollard has arranged six separate refinancings totaling $40.7 million for Apple Rehab, a skilled nursing provider based in the Hartford suburb of Avon.
NASHVILLE, Tenn. — SunTrust Bank has provided a $68.3 million loan to GoodWorks Unlimited LLC, a seniors housing provider with communities in Kentucky and Tennessee, for the refinancing of its portfolio.
LEWES, Del. — HJ Sims, a Connecticut-based investment bank and broker-dealer, has arranged $17.6 million in bonds for Cadbury at Lewes, a continuing care retirement community in the coastal town of Lewes.
PERTH AMBOY, N.J. — Investment advisor Monticello Asset Management LLC has originated $28.5 million in financing for The Alameda Center for Rehabilitation and Healthcare, a skilled nursing facility in the New York City suburb of Perth Amboy.
TUCSON, Ariz. — Dekel Capital, a Los Angeles-based real estate merchant bank, has arranged $25.4 million in financing for the development of Sage Tucson, an assisted living and memory care project in the Casas Adobes submarket of Tucson.
VIENNA, Va. — Love Funding has arranged a $19 million loan for renovations to Tysons Tower, a 274-unit affordable seniors housing community in the Washington, D.C. suburb of Vienna.
BOSTON — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged an $11.4 million HUD loan for a 120-bed skilled nursing facility in the greater Boston area.
BRYN MAWR, Pa. — Lancaster Pollard has closed an $8.4 million loan to refinance debt on Bryn Mawr Terrace, a seniors housing community in the Philadelphia suburb of Bryn Mawr.
WETCHESTER COUNTY and NASSAU COUNTY, N.Y. — Capital Funding Group (CFG), a Baltimore-based lender, has arranged $62.9 million in bridge loans for two skilled nursing facilities in New York State.
