SALINAS, Calif. — KeyBank Real Estate Capital has provided $29 million to refinance Pacific Coast Care Center, a 149-bed skilled nursing facility in Salinas, just south of the Bay Area proper.
MONTVALE, N.J. — Cushman & Wakefield Senior Housing Capital Markets has arranged $26.5 million of institutional equity capital from a private equity fund for a 203-unit independent living, assisted living and memory care development in Montvale.
SAN DIEGO — TMC Financing has arranged $1.5 million in total project financing for Butterfly Gardens, a boutique assisted living community in the La Jolla neighborhood of San Diego.
RED BANK, N.J. — Locust Point Capital, an alternative asset manager based in Red Bank, has launched a new project equity financing program for the seniors housing industry.
SACRAMENTO — Oakmont Senior Living has named Terry Ervin as executive director of Oakmont of East Sacramento, a 135-unit assisted living and memory care community currently under construction in Sacramento.
PUEBLO WEST, Colo. — Heavenrich & Co. has arranged the sale of The Legacy Commons at Pueblo West, a 51-unit assisted living community in Pueblo West, about 115 miles south of Denver.
HOUSTON — The NHP Foundation (NHPF) has received $12 million in funding to develop a 73-unit affordable seniors housing community in Houston’s Third Ward.
BRIDGMAN, Mich. — Capital Funding LLC has provided a $6.1 million HUD mortgage to refinancing debt on West Woods of Bridgman, a 92-bed skilled nursing facility.
PALM BAY, Fla. — Watercrest Senior Living Group has been awarded management of the senior living community formerly known as Inspired Living of Palm Bay, located in a coastal city about 70 miles southwest of Orlando.
