ST. LOUIS PARK, Minn. — Oak Grove Capital has arranged an $18.2 million HUD loan modification for TowerLight Senior Living, a 113-unit complex located in St. Louis Park.
Finance
GRANITE BAY, Calif. — Cain Brothers Funding LLC, the mortgage banking affiliate of Cain Brothers, has arranged a $13.7 million mortgage loan for Eskaton Lodge Granite Bay, a 105-unit nonprofit assisted living facility in Northern California. The proceeds of the FHA loan were used to retire existing bank debt and an interest rate swap. As a result of the refinancing, Eskaton was able to eliminate the risks associated with the bank debt/swap structure and replace it with a 35-year fully amortizing loan with a fixed mortgage note interest rate of …
NEW YORK — Cain Brothers Funding LLC, the mortgage banking affiliate of Cain Brothers, has arranged a $17.8 million mortgage loan for Saints Joachim and Anne Nursing & Rehabilitation Center, a 200-bed skilled nursing center in Brooklyn owned by Catholic Charities of Brooklyn and Queens.
Capital Funding Arranges $18.3M Bridge-to-HUD Acquisition Loans for Two Pennsylvania Skilled Nursing Facilities
by Jeff Shaw
COLUMBIA and ELIZABETHTOWN, Pa. — Capital Funding Group has arranged a bridge-to-HUD loan for the acquisition of two skilled nursing facilities: Susquehanna Valley Nursing and Rehabilitation Center in Columbia and Rheems Nursing and Rehabilitation Center in Elizabethtown.