BALTIMORE — Capital Lending and Mortgage Group LLC, a Baltimore-based lender in the healthcare and multifamily sectors, has closed a Bridge-to-HUD loan for affiliates of ARBA Group Inc. to purchase five skilled nursing facilities throughout Texas.
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CARY, N.C. and TORONTO — Expanding its senior living market presence, North Carolina-based Dude Solutions Inc., a software-as-a-service provider of operations management solutions, has acquired Canadian software company Windmill Software Inc., including its flagship senior living operations software, TheWorxHub. The acquisition will grow Dude Solutions’ senior living footprint and also marks the opening of a Dude Solutions Canadian office in Toronto. Terms of the transaction were not disclosed.
BETHESDA, Md. — Lancaster Pollard has consolidated and refinanced multiple loans for Eden Homes, a four-community portfolio of assisted living facilities in Bethesda, into a single $5.7 million loan. The four communities are each in residential areas and designed to look like a single-family home.
LAKEWOOD, Colo. — RED Capital Partners LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group LLC, has completed an $8.8 million balance sheet construction loan to Milestone Retirement, the Crystal Group and Taylor Fitzpatrick Capital for the construction of Lakewood Memory Care, a Class A development located just outside of Denver.
SHAWNEE, Kansas — Granite Investment Group has acquired a 48-unit assisted living facility in the Kansas City suburb of Shawnee for $7.2 million. The transaction was completed at an all-in cap rate of approximately 8.4 percent and features a long-term bond net lease that expires in 2030.
KEARNS, Utah — RED Capital Partners LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group LLC, has completed a $13.86 million balance sheet loan to Link Development LLC for the construction of Summit Senior Living, located just outside Salt Lake City.