Thursday, November 28, 2024
Read the Magazine Subscribe

Finance

FinanceFloridaNews

JLL Arranges $37.8M Financing for The Glades at ChampionsGate in Florida

by Jeff Shaw

CHAMPIONSGATE, Fla. — JLL Capital Markets has arranged $37.8 million in financing for The Glades at ChampionsGate, a luxury 223-unit senior living community in the Orlando suburb of ChampionsGate. JLL worked on behalf of the borrower, Fortress Investment Group, to secure the four-year, floating-rate, non-recourse loan through MidCap Financial Services. The Glades at ChampionsGate offers independent living, assisted living and memory care units. The property consists of one- and two-bedroom units ranging from 627 to 1,060 square feet. The property is located on 11.6 acres within the 1,500-acre master-planned community …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNews

CIT Increases Financing for FOX Rehabilitation by $50M

by Jeff Shaw

NEW YORK CITY — CIT, a division of First Citizens Bank, through its healthcare finance business increased its existing credit facilities for FOX Rehabilitation by $50 million for a total financing of $172.3 million. The original financing was developed in connection with FOX’s acquisition by Blue Wolf Capital Partners in February 2019. Since then, FOX, a provider of in-home physical, occupational and speech therapy services to older adult patients throughout the U.S., has generated significant growth via increased clinician count and patient volume and has expanded into eight additional states. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsFinanceNews

NewPoint Real Estate Capital Expands Seniors Housing Finance Solutions with Agency Loan Capabilities

by Jeff Shaw

WASHINGTON, D.C. — NewPoint Real Estate Capital, a Washington-based lender, has expanded its financing offerings to include seniors housing agency loans. The expansion comes as NewPoint has been designatnated as an approved Fannie Mae seniors housing lender and Freddie Mac Optigo seniors housing lender. NewPoint’s seniors housing agency platform offers fixed- and floating-rate loans with interest-only options and a variety of prepayment structures. Eligible properties include independent living, assisted living and memory care facilities, as well as facilities with a limited amount (maximum 20 percent of NOI) of skilled nursing. …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceFloridaNews

Greystone Arranges $52.6M in Debt, Equity for Discovery Place at Celebration Pointe in Gainesville, Florida

by Jeff Shaw

GAINESVILLE, Fla. — Greystone has arranged $52.6 million in debt and equity construction financing for Discovery Place at Celebration Pointe in Gaineville. The community will feature 180 units of seniors housing. The type of care was not disclosed Cary Tremper and Matt Miller of Greystone originated the transaction on behalf of Discovery Senior Living.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAffordable HousingDevelopmentFinanceNewsNorth Dakota

Colliers Mortgage Provides $10.9M HUD Loan for Portfolio in Grand Forks, North Dakota

by Jeff Shaw

GRAND FORKS, N.D. — Karen Dubrosky and Frank Hogan of the Minneapolis office of Colliers Mortgage and Colliers Securities, respectively, have closed a $10.9 million HUD loan for the acquisition and rehabilitation affordable housing portfolio in Grand Forks. Located near the Red River, which forms the border between Minnesota and North Dakota, the portfolio totals 182 units of affordable housing across three properties. University Square includes 60 multifamily units, Columbia Square East includes 50 seniors housing units and Columbia Square South includes 72 multifamily units. All units are covered by …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIllinoisNewsSkilled Nursing

Walker & Dunlop Structures $57.6M in HUD-Insured Loans for Three Skilled Nursing Facilities in Illinois

by Jeff Shaw

PARK RIDGE, BRIDGEVIEW and ELGIN, Ill. — Walker & Dunlop Inc. has structured $57.6 million in HUD-insured loans for the refinancing of three skilled nursing facilities in Illinois. The first transaction consisted of a $15.6 million loan for Avantara Park Ridge, a 154-bed community in Park Ridge. Walker & Dunlop also arranged a $28.7 million loan for Moraine Court Supportive Living, a 185-bed community in Bridgeview, and a $13.3 million loan for Aperion Care Elgin, a 101-bed property in Elgin. Joshua Rosen of Walker & Dunlop led the origination team. …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaCCRCFinanceNews

VIUM Provides $13.7M HUD Refinancing for 199-Bed CCRC in Arizona

by Jeff Shaw

ARIZONA — VIUM Capital has provided a $13.7 million HUD refinancing for a nonprofit continuing care retirement community (CCRC) in Arizona. The transaction replaces a bridge loan, which VIUM also provided in January 2021. The property features 12 independent living, 93 assisted living and 94 skilled nursing beds. Further details were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingCaliforniaFinanceNews

CFG Provides $18M Refinancing for Brightwater Senior Living of Highland in California

by Jeff Shaw

HIGHLAND, Calif. — Capital Funding Group (CFG) has provided an $18 million loan for the refinancing of a 99-bed assisted living and memory care facility, Brightwater Senior Living of Highland, in the San Bernardino suburb of Highland. The borrower is Brightwater Senior Living, which developed the facility in 2014 and is the current owner-operator. Further details were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsSkilled NursingWashington

VIUM Funds $15.5M Bridge Loan for 120-Bed Skilled Nursing Facility in Washington State

by Jeff Shaw

WASHINGTON — VIUM Capital has provided $15.5 million in financing for a 120-bed skilled nursing facility in Washington. The bridge-to-HUD loan pays off seller financing, while offering cash for capital expenditures and cash-out financing. The transaction includes $10 million in initial funding, a $1.5 million capital expenditures draw and $4 million in earn-outs in three tranches. This is the third building of four in the borrower’s Washington portfolio, and VIUM refinanced the first two in June. Details on the property and borrower were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFinanceNew YorkNews

Dwight Mortgage Trust Funds $27M Acquisition Loan for Tanglewood Portfolio in Jamestown, New York

by Jeff Shaw

JAMESTOWN, N.Y. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $27 million bridge acquisition loan for a portfolio of four assisted living and memory care facilities. The properties are located in the rural Western New York city of Jamestown and its suburb of Frewsburg. The assets include Tanglewood Manor, Memory Gardens, The Magnolia and Comfort Today. The portfolio totals 293 beds. Dwight’s Josh Levin originated this transaction for the borrower, Gary Rohinsky, the CEO of Culture Care Senior Living. Details on the seller and price …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts