MILFORD, Ohio — CBRE has arranged a refinancing for Pinebrook Retirement Living, a Class A, 124-unit independent living and assisted living community in the Cincinnati suburb of Milford. The size of the loan was not disclosed.
SEATTLE — Ziegler, a specialty investment bank, has priced $130.3 million in fixed-rate bonds for Presbyterian Retirement Communities Northwest (PRCN), a nonprofit operator of three continuing care retirement communities (CCRCs) in Seattle.
NEW YORK CITY and MIDDLETOWN, N.Y. — Capital Funding Group (CFG), a Baltimore-based lender, has provided two HUD refinancing loans for skilled nursing facilities in New York totaling $68.3 million.
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.
