SEATTLE — Cushman & Wakefield has arranged $145 million in acquisition financing for Merrill Gardens, which will use the funds to purchase a 456-unit seniors housing portfolio on the West Coast.
Finance
ORLANDO, Fla. — KeyBank Real Estate Capital has provided $116.6 million in loans to Sentio Healthcare Properties, a REIT based in Orlando. Sentio will use the money to recapitalize its portfolio of eight seniors housing properties throughout the United States.
When Mike Taylor, now with First Midwest Bank, first entered the seniors housing sector 13 years ago, he joked to friends that he was in the “sexy senior living space.” Fast-forward to today, and his comment has proven to be more prophetic than he probably could ever have imagined.
Capital One Provides $10.3M HUD Refinancing for Two Skilled Nursing Facilities in Illinois
by Jeff Shaw
CARBONDALE and ANNA, Ill. — Capital One has provided two fixed-rate, HUD 232/223(f) loans totaling $10.3 million to refinance a 70-bed skilled nursing facility in Anna and a 131-bed skilled nursing facility in Carbondale. The names of the facilities were not disclosed.