CLEVELAND — KeyBank Real Estate Capital, a subsidiary of Cleveland-based KeyCorp, has provided $249 million in FHA financing to Formation Capital, a private investment management firm focused on seniors housing.
TAMPA, Fla. — Global real estate services firm Cushman & Wakefield has added Paul Carr as a senior managing director with the company’s seniors housing-focused team in Tampa.
HOUSTON and FORT WORTH, Texas — Love Funding has closed a $51.2 million in loans for The Wentwood Companies to refinance a four-property affordable multifamily portfolio in Houston and Fort Worth. Three of the properties are age-restricted.
BIRMINGHAM, Ala. — United Community Bank has expanded its specialized lending division with the addition of a four-person team specializing in seniors housing communities.
LAKE RONKONKOMA, N.Y. — Lancaster Pollard has arranged the $7 million HUD refinancing of The Lake Shore Assisted Living Home, a 200-unit assisted living facility in the Long Island town of Lake Ronkonkoma.
SANTEE, Calif. — CBRE has arranged a $25 million Freddie Mac loan for The Grant Companies to refinance The Pointe at Lantern Crest, a 102-unit independent living and assisted living community in the San Diego suburb of Santee.
CHARLESTON, S.C. — Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance team has arranged a $9.5 million construction loan for Benton House of West Ashley, a 59-unit seniors housing community in Charleston.
SEATTLE — Ziegler, a specialty investment bank, has closed $57.5 million in bonds for Bayview Manor Homes, the nonprofit operator of Bayview, a continuing care retirement community in Seattle’s Queen Anne neighborhood.
GRASS VALLEY, Calif. — CBRE has arranged the refinancing of Hilltop Commons, an 84-unit independent living community in the Sacramento suburb of Grass Valley. The total value of the loan was not disclosed.
