Thursday, November 28, 2024
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Finance

ArizonaCCRCDevelopmentFinanceNews

Ziegler Arranges Bond Financing for La Posada CCRC Owner Near Tucson

by Jeff Shaw

ORO VALLEY, Ariz. — Ziegler has arranged bond financing for La Posada, a continuing care retirement community (CCRC) owner in metro Tucson. La Posada was incorporated in 1996 to acquire the CCRC known as La Posada at Park Centre in Green Valley, approximately 30 miles south of Tucson. Originally constructed in 1987, Park Centre has grown to include 490 independent living apartments, 34 freestanding Park Centre homes, 17 freestanding Pavilion homes and 135 assisted living apartments. La Posada at Pusch Ridge will be the second location for this emerging system …

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FinanceNews

CBRE Arranges $220M Refinancing for Brookdale Portfolio

by Jeff Shaw

DALLAS — CBRE National Senior Housing has arranged a refinancing of a seniors housing portfolio on behalf of Brookdale Senior Living Inc. The portfolio comprises 24 communities with 2,377 total units that include 720 independent living units, 1,205 assisted living units, 386 memory care units and 66 skilled nursing units located across 12 states. Aron Will and Matthew Kuronen of CBRE National Senior Housing arranged the financing. A syndication between Capital One National Association and Synovus Bank provided the three-year, $220 million, floating-rate loan. The debt carries a variable interest …

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FinanceNewsSkilled Nursing

BHI Provides $42.5M Financing for TL Management

by Jeff Shaw

NEW YORK CITY — BHI, a New York City-based commercial bank, has closed on a $42.5 million term loan for TL Management, a company that owns skilled nursing facilities across the country. “This transaction is part of BHI’s continuous growth in the category and our strategy for further expansion in the healthcare sector going forward,” says Tami Antebi, senior vice president and head of healthcare for BHI. Further details on the transaction were not disclosed.

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Wally Sauthoff NAI Seniors Housing Sale
AcquisitionsActive AdultAssisted LivingContent PartnersFeaturesFinanceIndustry ContentInvestmentOperationsPeopleSkilled Nursing

Steps to Help Small Seniors Housing Owners Prepare for a Sale

by Sarah Daniels

The seniors housing market has had its fair share of well-documented struggles, including plunging occupancies during COVID-19 and continuing labor challenges. Like the rest of the commercial real estate market, the sector is now confronting higher interest rates and recession. Despite those headwinds, investor demand for seniors housing assets remains strong, says Dawn Davis, an advisor specializing in seniors housing and skilled nursing with NAI Greywolf in Milwaukee. But sellers are only now grudgingly coming to terms with the fact that, because capital has become more expensive, the price buyers …

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FinanceNews

Oxford Closes $347M in Financing During Second, Third Quarters

by Jeff Shaw

ALEXANDRIA, Va. — Oxford Finance LLC, an Alexandria-based finance firm, closed over $347 million in financing transactions through its healthcare real estate group during the second and third quarters of 2022. Oxford provided a $26.2 million term loan and $3 million revolving line of credit to finance the acquisition of three skilled nursing facilities containing 391 beds in Texas for a Texas-based operator. Oxford supplied a $9 million revolving line of credit to finance working capital needs for seven skilled nursing facilities for an expanding California-based operator. Oxford provided a …

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Assisted LivingFinanceNewsSouth Carolina

Live Oak, Locust Point Arrange $15.3M Financing for Phoenix Senior Living

by Jeff Shaw

BEAUFORT, S.C. — Live Oak Bank and Locust Point Capital have arranged a $15.2 million loan for Georgia-based Phoenix Senior Living. The financing retired the existing construction debt of a 75-unit assisted living and memory care community in Beaufort, South Carolina. Further details were not disclosed.

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FinanceNews

Dwight Capital, Dwight Mortgage Trust Close $192.3M in Healthcare Financing During Q3

by Jeff Shaw

NEW YORK CITY — Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed $192.3 million in seniors housing and healthcare financing during third-quarter 2022. Dwight provided a $42 million bridge loan to facilitate the acquisition of a three-property skilled nursing portfolio in New Hampshire: Epsom Healthcare Center, Maple Leaf Healthcare Center and Villa Crest Nursing and Retirement Center. The facilities comprise 387 beds and approximately 195,860 square feet. Josh Sturm, originated this transaction. Dwight also financed a $27 million bridge acquisition loan for a portfolio of four assisted living …

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AcquisitionsActive AdultAffordable HousingAssisted LivingDevelopmentFeaturesFinanceIndependent LivingIndustry ContentInvestmentOperationsPeopleSkilled NursingVideosWebinars

Webinar: Let’s Talk About the Outlook for Seniors Housing Investment and Finance

by Sarah Daniels

  Is there room for optimism in seniors housing? What does investor interest look like now? Learn about how interest rate increases are impacting seniors housing valuations, what a flight to quality means for different sectors, financing concerns and more. Watch the webinar here. Timestamps of major topics covered: (5:25) Impact of rising interest rates on seniors housing valuations (7:54) Effects broken down by sector: active adult, skilled nursing, assisted living (11:07) Financing in the current environment (13:21) Acquisition opportunities, plus deal flow and closing (18:10) Outlook for the market …

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AcquisitionsFinanceNewsSkilled NursingTexas

Colliers Mortgage Arranges $11.8M Acquisition Loan for Skilled Nursing Portfolio in Texas

by Jeff Shaw

TEXAS — Nick Skarich, Steven Marx, Corley Audorff and Josh Williams of Colliers Mortgage have arranged an $11.8 million bridge loan for the acquisition of three skilled nursing facilities in Texas. The facilities, which participate under the Texas Quality Incentive Payment Program, total 358 licensed beds. The loan includes $3.5 million for renovations. The loan carries a three-year term with two 12-month extensions and an interest-only payment period. No further information was disclosed.

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AcquisitionsAssisted LivingFinanceNewsWisconsin

VIUM Provides $6.2M Bridge Loan for Community in Northeast Wisconsin

by Jeff Shaw

WISCONSIN — VIUM Capital has funded a $6.2 million bridge loan for a 62-unit assisted living and memory care community in Northeast Wisconsin. The borrower used the funds to acquire the property and further build on its existing portfolio in Wisconsin. Further details were not disclosed.

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