DENTON, Md. — Healthcare Transactions Group Inc. has arranged the sale of Caroline Nursing & Rehab Center, an 87-bed skilled nursing facility, and The Gables, a 16-unit assisted living facility. The two locations are part of a single community co-located on 23-acre campus in Denton.
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GRANITE BAY, Calif. — Cain Brothers Funding LLC, the mortgage banking affiliate of Cain Brothers, has arranged a $13.7 million mortgage loan for Eskaton Lodge Granite Bay, a 105-unit nonprofit assisted living facility in Northern California. The proceeds of the FHA loan were used to retire existing bank debt and an interest rate swap. As a result of the refinancing, Eskaton was able to eliminate the risks associated with the bank debt/swap structure and replace it with a 35-year fully amortizing loan with a fixed mortgage note interest rate of …
NEW YORK — Cain Brothers Funding LLC, the mortgage banking affiliate of Cain Brothers, has arranged a $17.8 million mortgage loan for Saints Joachim and Anne Nursing & Rehabilitation Center, a 200-bed skilled nursing center in Brooklyn owned by Catholic Charities of Brooklyn and Queens.
AVON, Conn. — Congress Building Corp., a construction firm based in Peabody, Mass., has completed construction of The Residence at Brookside, a three-story assisted living, independent living and memory care community located at 117 Simsbury Road in Avon.