MCLEAN, Va. — Capital One Financial Corp. (NYSE: COF) has completed its acquisition of General Electric Capital Corp.’s Healthcare Financial Services lending business, which was first announced in August.
Finance
BOK Financial hits $1 billion in seniors housing loans by focusing on experienced operators, new construction
by Jeff Shaw
By Jeff Shaw BOK Financial Corp. likes to keep its business local. The Tulsa, Okla.-based lender doesn’t often use its corporate name to market the company, preferring instead to use smaller subsidiaries to drive business at a local, state or regional level. Brad Vincent, the company’s executive vice president and director of healthcare banking, says that this is how banking should be done.
PORT TOWNSEND and BUCKLEY, Wash. — Lancaster Pollard has secured two HUD loans totaling $10.4 million to refinance San Juan Villa, a 32-bed memory care community in Port Townsend, and Heritage House, a 76-unit assisted living and memory care community in Buckley.
HAMILTON, N.J. — RED Capital Partners LLC, the debt and equity banking arm of capital provider RED Capital Group, has arranged a $36.4 million first mortgage construction loan for Homestead Senior Living LLC to build Homestead at Hamilton, a 195-unit independent living, assisted living and memory care community in Hamilton.
Lancaster Pollard Refinances Bridge Loan to $13.3M Permanent Financing for Community in California
by Jeff Shaw
MADERA, Calif. — Lancaster Pollard has arranged the refinancing of an $11.3 million bridge loan into a $13.3 million non-recourse FHA permanent loan for Cedar Creek Senior Living, a 112-unit independent living, assisted living and memory care community in Madera, a small town between San Francisco and Los Angeles.