Monday, July 21, 2025
Read the Magazine Subscribe

Finance

FinanceFloridaNews

Dwight Capital Provides $94.3M HUD Refinancing for The Village at Gainesville in Florida

by Jeff Shaw

GAINESVILLE, Fla. — Dwight Capital has provided a $94.3 million HUD-insured loan for The Village at Gainesville, a 651-bed senior living community in Gainesville. The gated property is situated on a 104-acre campus in close proximity to many parks and recreational areas, including the 110-acre Mark Bostick Golf Course. The community provides its residents with services including assisted living, memory care, and board and care. This refinancing closed as the largest healthcare 232(a)(7) loan in HUD’s history to date, according to Dwight Capital. Josh Sasouness and Avi Lifshitz originated the …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceMarylandNewsWashington

Grandbridge Arranges $11.2M in Seniors Housing Loan Modifications

by Jeff Shaw

SEATTLE and GAITHERSBURG, Md. — Grandbridge Real Estate Capital arranged $11.2 million in financing across three modification loans. Artin Anvar arranged the interest rate reduction (IRR) modifications through HUD’s IRR program. The first transaction, totaling $984,721, was secured by Hilltop Manor, a 35-unit assisted living community in Seattle. The loan features a 20-year term and 20-year amortization. The second transaction, totaling $955,717, was secured by Spring Manor, a 54-unit memory care facility in Seattle. The loan features a 20-year term and 20-year amortization. The largest transaction, totaling $9.2 million, was …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceFrom The Magazine

Capital Stack Shifts

by Jeff Shaw

Seniors housing lending isn’t dormant, but lenders and borrowers alike rethink their strategies as the pandemic continues. By Jeff Shaw The COVID-19 pandemic has been a shock to the entire seniors housing industry at every level, and capital providers in the sector are no exception.  With occupancy at record lows, lenders and investors understandably have changed strategies to protect their investments. Occupancy continued its free-fall in first-quarter 2021, falling 870 basis points year-over-year to 78.8 percent for private-pay seniors housing, according to the National Investment Center for Seniors Housing & …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIndustry Voices

Lender Q&A: Lenders Adapt to Tough Times

by Jeff Shaw

Although the pandemic tested the systems, many lenders actually provided more capital in 2020 than in previous years. Roundtable Participants: Mike Taylor, Senior Vice President, Head of Healthcare & Capital Markets, First Midwest Bank Sarah Duggan, Senior Director, Seniors Housing & Healthcare Lending, Synovus Lawrence Brin, Managing Director, Head of Healthcare Real Estate, MidCap Financial Services Eric Smith, CEO, Managing Partner, Locust Point Capital Ashish Shah, Managing Director, MONTICELLOAM LLC   By Jeff Shaw While COVID-19 has caused a wide variety of struggles for the seniors housing industry, capital has …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceFrom The Magazine

Debt-Financing Trends Encouraging for Borrowers

by Jeff Shaw

By Matt Valley With mass vaccination efforts in the fight against COVID-19 well underway across the country and the economic clouds beginning to lift, the lending outlook for seniors housing has brightened considerably in recent months, say industry professionals. “If you are comparing today to pre-pandemic [market conditions], we think the lending environment is actually pretty good,” says Chuck Hastings vice president of finance and business development for Juniper Communities, an owner and/or operator of 25 seniors housing communities in New Jersey, Pennsylvania, Colorado and Texas. The portfolio’s total resident …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsFinanceNewsSkilled Nursing

Lument Arranges $168M Bridge-to-HUD Financing for Mitchell Family Office Skilled Nursing Portfolio

by Jeff Shaw

BIRMINGHAM, Mich. — Lument has arranged a $168 million bridge loan for a skilled nursing portfolio on behalf of Mitchell Family Office (MFO), a Birmingham-based investment firm focused on the healthcare industry. Proceeds of the loan funded the acquisition of the skilled nursing division of American Health Partners and was part of a larger acquisition plan in which MFO acquired all the interests of American Health Partners for an undisclosed price. Leading the transaction for Lument were Conner Girdley, director for seniors housing and healthcare, and Brandon Gill, vice president …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFinanceNew YorkNews

Merchants Capital Arranges $18M Loan for Renovations at Mannie Wilson Towers in Harlem

by Jeff Shaw

NEW YORK CITY — The New York office of mortgage banking company Merchants Capital has arranged an $18.2 million Housing Development Corporation (HDC) Fannie Mae Risk Share loan for Mannie Wilson Towers, a historic affordable housing development located in the Harlem neighborhood of Manhattan. Located in the former Sydenham Hospital, Mannie Wilson Towers provides 102 one- and two-bedroom units of restricted-income housing for seniors. As part of the U.S. Department of Housing and Urban Development (HUD) Section 202 program, units are restricted to residents 62 years of age and older …

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentFinanceNewsPennsylvania

Ziegler Arranges $39.3M Bond Financing for Londonderry Village in Palmyra, Pennsylvania

by Jeff Shaw

PALMYRA, Pa. — Ziegler has arranged $39.3 million in bond financing for Lebanon Valley Brethren Home. The funds will be used to finance an expansion project at Londonderry Village, a seniors housing community in Palmyra, a small borough near Harrisburg. The 146-acre campus features 374 independent living units, 38 personal care units and 88 skilled nursing beds. The expansion includes developing a 40-acre tract of farmland at the southern boundary of the campus, and will add 35 new independent living units along with a model home, sales office and clubhouse. …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNew YorkNewsSkilled Nursing

Greystone Provides $24.9M HUD-Insured Loan for Refinancing of Skilled Nursing Facility in Yonkers, New York

by Jeff Shaw

YONKERS, N.Y. — Greystone has provided a $24.9 million HUD-insured loan for the refinancing of Adira at Riverside, a 120-bed skilled nursing facility in Yonkers, located north of New York City. Built in 2000, the property offers short-term rehabilitation, occupational, physical and speech therapy services, as well as amputee rehab, wound care, neuro-rehabilitation, certified cardiopulmonary rehabilitation, long-term skilled nursing care, and dedicated Alzheimer’s and dementia care services. Fred Levine of Greystone originated the financing. Shia Fishman of Capital Stack Advisors arranged the loan on behalf of the borrower, L&A RE …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsWashington

CBRE Arranges $49M Refinancing for Four-Property Portfolio in Metro Seattle

by Jeff Shaw

SEATTLE — CBRE Senior Housing has arranged a refinancing for a portfolio of four senior living properties in the Seattle metropolitan area. The four senior living communities are located on infill sites. The portfolio features 368 total units, of which 91 units are for independent living and 277 units are for assisted living. CBRE secured a five-year, $49 million, floating-rate loan with 36 months of interest-only payments through a national bank. MBK Senior Living will continue to operate the four properties as it has since acquisition. Aron Will, Austin Sacco, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts