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.
TAMPA, Fla. — Cushman & Wakefield’s Equity, Debt & Structured Finance group has arranged a $28.7 million acquisition and re-development financing for Renaissance Senior Living, a 226-unit community in Tampa.
CHICO, Calif. — CBRE Multifamily Capital has originated a $32.3 million loan for The Terraces Senior Living, a 138-unit independent living and assisted living community in Chico, approximately 90 miles north of Sacramento.
FARMINGTON, Conn. —HJ Sims has arranged $42 million in taxable bonds for Athena Health Care, a Farmington-based owner/operator of 29 skilled nursing facilities in Connecticut, Massachusetts and Rhode Island.
