NEW YORK CITY — Cain Brothers, acting as investment banking advisor, has arranged a $9.1 million loan for St. Patrick’s Home for the Aged and Infirm, a 264-bed skilled nursing facility in the Bronx.
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ST. CHARLES, Mo. — Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving real estate investors, has arranged the sale of Carrington Place of St. Charles, a 234-unit, 294-bed continuing care retirement community in St. Charles, a northwestern suburb of St. Louis.
HAMILTON, N.J. — RED Capital Partners LLC, the debt and equity banking arm of capital provider RED Capital Group, has arranged a $36.4 million first mortgage construction loan for Homestead Senior Living LLC to build Homestead at Hamilton, a 195-unit independent living, assisted living and memory care community in Hamilton.
Lancaster Pollard Refinances Bridge Loan to $13.3M Permanent Financing for Community in California
by Jeff Shaw
MADERA, Calif. — Lancaster Pollard has arranged the refinancing of an $11.3 million bridge loan into a $13.3 million non-recourse FHA permanent loan for Cedar Creek Senior Living, a 112-unit independent living, assisted living and memory care community in Madera, a small town between San Francisco and Los Angeles.