LOUISVILLE, Ky. — Cain Brothers, an investment bank based in New York City, has arranged $49.9 million in bond financing for Christian Care Communities (CCC), a faith-based, nonprofit operator based in Louisville.
PRINCETON, Minn. — Lancaster Pollard has arranged a $6 million FHA loan to refinance Sterling Pointe Senior Living, a 57-unit independent living, assisted living and memory care community in Princeton, approximately 50 miles north of Minneapolis.
SAN CLEMENTE, Calif. — CareTrust REIT Inc. (NASDAQ: CTRE) has expanded its revolving credit facility from $300 million to $400 million, while simultaneously entering into a new $100 million, seven-year, non-amortizing unsecured term loan.
ORLANDO, FLA. — Walker & Dunlop was Freddie Mac’s highest-producing seniors housing mortgage seller in 2015, and finished fourth in overall multifamily sales with a total of $5.11 billion.
TOLEDO, Ohio — Cain Brothers has arranged $40.6 million in direct bank purchase bonds for Lutheran Homes Society, a nonprofit seniors housing operator based in Toledo.
GOUVERNEUR, N.Y. — KeyBank has provided $28.6 million in financing for Cambray Court Apartments, an affordable seniors housing redevelopment in Gouverneur, in far northern New York near the Canadian border.
CHICAGO — Care Capital Properties Inc. (NYSE:CCP), the Chicago-based skilled nursing REIT that spun off of Ventas last year, has refinanced or swapped a total of $600 million of debt.
IRVINE, Calif. — WNC, an Irvine-based investor specializing in low-income housing tax credits (LIHTC) including seniors housing, has closed WNC Institutional Tax Credit Fund 41 L.P., a $114.7 million institutional LIHTC fund.
BALTIMORE, Md. — Capital Funding Group has provided three bridge-to-HUD loans and a mezzanine loan in the seniors housing sector totaling $27.5 million.
