Finance

Assisted-Living-Portfolio
Assisted LivingFinanceNewsOhioPennsylvania

Berkadia Arranges $114.4M Refinancing for Assisted Living Portfolio in Ohio, Pennsylvania

by Hayden Spiess

NEW YORK CITY — Berkadia has arranged $114.4 million in refinancing for an assisted living portfolio located in Ohio and Pennsylvania. A joint venture between New Perspective Senior Living and an undisclosed seniors housing owner was the borrower.  Totaling 580 units, the portfolio is located in metro Cleveland and western Pennsylvania. As of January 2025, occupancy throughout the portfolio was 86 percent. The joint venture acquired the portfolio in 2022.  Bloomfield Capital Partners provided the financing, which includes a two-year, interest-only bridge loan. Steve Muth, Garrett Sacco, Austin Sacco and Alec …

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AcquisitionsAssisted LivingFinanceNewsTexas

Helios Arranges Acquisition Financing for 25-Unit Assisted Living Community in Texas

by Hayden Spiess

MARBLE FALLS, Texas — Helios Healthcare Advisors has arranged acquisition financing for an assisted living community located in Marble Falls, roughly 50 miles northwest of Austin. Marble Falls Assisted Living totals 25 units. According to Helios, the community was underperforming at the time of financing.  An Arkansas-based bank provided the financing. Bill Janis, Justin Valle and Cullen Nguyen of Helios secured and structured the financing, which features a 100 percent loan-to-cost ratio, on behalf of the borrower.  “Financing terms this favorable were available in large part due to the bank’s smaller …

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AcquisitionsFinanceNewsTexas

Blueprint Arranges Recapitalization, Joint Venture Partnership for Community in Texas

by Hayden Spiess

WICHITA FALLS, Texas — Blueprint HCRE has arranged the recapitalization of Countryside of Wichita Falls, a 50-unit senior living community situated in Wichita Falls.  The recapitalization included the introduction of new equity through a joint venture partnership.  Following the closing of the transaction — brokered by Amy Sitzman and Giancarlo Riso of Blueprint — the joint venture began the execution of a business plan that features that conversion of units to memory care, as well as physical and operational upgrades.  This marks the new joint venture owner’s first entry into the …

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AcquisitionsAssisted LivingFinanceMemory CareNewsTennessee

BWE Arranges Sale, Financing of Metro Nashville Community

by Hayden Spiess

GALLATIN, Tenn. — BWE has arranged the sale and financing of The Capstone at Station Camp, a senior living community located in Gallatin, roughly 30 miles northeast of Nashville.  Totaling 100 units, the property features assisted living and memory care.  Charley Bissell, Ryan Stoll and Taylor Mokris of BWE represented the seller, Hunt Midwest, in the transaction. BWE also secured non-recourse acquisition financing through a regional bank on behalf of the undisclosed buyer.  Kansas City-based Hunt Midwest is a privately held development company that has developed more than 875 assisted living …

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FinanceNewsPennsylvaniaSkilled Nursing

MonticelloAM Provides $80M Financing for Skilled Nursing Portfolio in Pennsylvania

by Hayden Spiess

NEW YORK CITY — MonticelloAM, a New York City-based seniors housing and multifamily bridge lending platform, has, with firm affiliates, provided $80 million in financing for a skilled nursing portfolio in Pennsylvania.  The portfolio includes four facilities totaling more than 520 licensed beds.  In addition to a $75 million bridge loan, the financing includes a $5 million working capital line of credit. Loan proceeds will be used by the borrower to acquire the facilities, fund the interest reserve and complete renovations at the properties. The financing features a 36-month initial term …

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FinanceFloridaNewsTexas

Marathon Provides $235M Refinancing for Portfolio in Florida, Texas

by Hayden Spiess

NEW YORK CITY — Marathon Asset Management has provided a $235 million senior mortgage loan for the refinancing of a seniors housing portfolio totaling 11 properties. An affiliate of Lone Star Real Estate Fund VI is the borrower.  Of the 11 communities, 10 are located in Florida, with one situated in the Dallas-Fort Worth metro in Texas. Together, the properties comprise 1,564 units.  Lone Star Funds acquired the communities, which are operated by Discovery Senior Living, in 2021. The company has invested in strategic capital upgrades to the properties since acquisition.  …

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Assisted LivingFinanceIndependent LivingMemory CareNew YorkNews

Lument Provides $58.2M Freddie Mac Refinancing for Campus in Upstate New York

by Hayden Spiess

ROCHESTER, N.Y. — Lument has provided a $58.2 million Freddie Mac loan for the refinancing of a seniors housing campus located in Rochester in Upstate New York. Wegman Cos. is the borrower. Tyler Armstrong, Chris Cain and Taylor Russ of Lument arranged the financing.  Totaling 332 units, the campus features The Village at Unity and The Hamlet and offers independent living, assisted living and memory care. The Village at Unity comprises 272 independent living units, and The Village at Hamlet comprises 40 assisted living and 20 memory care units. Originally built …

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DevelopmentFinanceNewsPennsylvania

Ziegler Provides $82.3M Bond Financing for CCRC in Southern Pennsylvania

by Hayden Spiess

MECHANICSBURG, Pa. — Ziegler has provided $82.2 million in bond financing to borrower Messiah Lifeways, a Pennsylvania-based nonprofit that owns and operates Messiah Village, a continuing care retirement community (CCRC) in Mechanicsburg.  Messiah Village serves more than 700 residents on an 85-acre campus, which it has occupied since 1978. The community was originally founded in 1896. In addition to 375 independent living units, 88 personal care units and 76 memory care units, the property features 100 skilled nursing beds and 18 skilled nursing memory support beds.  Proceeds from the bonds will …

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FinanceGeorgiaIllinoisNews

Two Senior Lifestyle Communities Undergo Recapitalization

by Hayden Spiess

NORTHBROOK, Ill. and SNELLVILLE, Ga. — Two Senior Lifestyle communities have undergone recapitalization. Senior Lifestyle was the original developer of the communities, which the company continues to operate on behalf of the current ownership.  The communities include North Shore Place in Northbrook, Illinois, and The Sheridan at Eastside in Snellville, Georgia.  North Shore Place was originally opened in 2014 with 156 units. Currently, the property comprises 188 assisted living and memory care residences.  The Sheridan at Eastside totals 214 units situated on a 15-acre campus. Opened in 2019, the community features …

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AcquisitionsFinanceNewsSkilled NursingSouth Carolina

MonticelloAM Provides $21.8M Acquisition Financing for Two Skilled Nursing Facilities in South Carolina

by Hayden Spiess

NEW YORK CITY — MonticelloAM, with firm affiliates, has provided $21.8 million in financing for two-facility skilled nursing portfolio located in South Carolina.  The financing includes a $19.3 million bridge loan and $2.5 million in working capital. The undisclosed borrower will use the funds to acquire the two properties, which comprise more than 260 licensed beds.  “This financing solution underscores our ability to provide essential liquidity that supports operational needs and workforce priorities,” says Kim Gordon, head of the working capital group at New York City-based MonticelloAM. “This flexibility enables skilled …

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