Skilled Nursing

John Shafaee ALIS family quote from article
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Closing the Expectation Gap: How Transparency Builds Family Trust

by Sarah Daniels

Seniors housing operators are rethinking what success looks like. Filling units may no longer be the hardest part; helping residents thrive in one community for the long term is. “As demand for senior living continues to grow, operators are increasingly focused on a question that extends beyond occupancy: How do we help residents thrive in one community for as long as possible? A big part of that is bringing the family along,” says John Shafaee, CEO and co-founder of ALIS by Medtelligent, a seniors housing software provider. The financial case …

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AcquisitionsColoradoNewsSkilled Nursing

SLIB Arranges Sale of 126-Bed Skilled Nursing Facility in Metro Denver

by Hayden Spiess

CASTLE ROCK, Colo. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Brookside Inn, a skilled nursing facility located in Castle Rock, about 30 miles southeast of downtown Denver.  The property totals 126 beds and approximately 43,184 square feet.  A Colorado-based entity, which has owned and operated the community since 1997, sold the community for an undisclosed price. Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of SLIB represented the seller in the transaction.  A California-based skilled nursing operator was the buyer. 

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FinanceNewsSkilled Nursing

CFG, Lender Group Provide $806M Financing for Skilled Nursing Portfolio

by Hayden Spiess

BALTIMORE — A lender group including CFG, Ally Bank and Northwind Group has closed an $806 million unitranche bridge-to-HUD financing on behalf of undisclosed borrowers.  The borrowers will use the funds to acquire the real estate of 36 skilled nursing properties totaling more than 3,900 beds throughout the country.  Baltimore-based CFG is the sole provider of the B-tranche within the financing. Patrick McGovern and Ryan Hunsicker of CFG originated the transaction for the company. 

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FinanceIndianaNewsSkilled NursingVirginia

MonticelloAM Provides $195.7M in Financing for Skilled Nursing Portfolio 

by Hayden Spiess

NEW YORK CITY — MonticelloAM, with firm affiliates, has provided $195.7 million in financing for a skilled nursing portfolio located in Virginia and Indiana.  The undisclosed borrower will use $184.7 million in bridge and mezzanine loans to refinance three skilled nursing facilities in Virginia and acquire four skilled nursing properties in Indiana. Together, the portfolio totals more than 900 beds.  Additionally, the financing includes an $11 million working capital line of credit, which will support the day-to-day expenses of the facilities.  “Skilled nursing operators who are expanding their portfolio need a …

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FinanceKentuckyNewsSkilled Nursing

Cambridge Arranges $21.5M Bridge-to-HUD Financing for Kentucky Skilled Nursing Facility

by Hayden Spiess

CHICAGO — Cambridge Realty Capital has arranged $21.5 million in bridge-to-HUD acquisition financing for a skilled nursing facility totaling 108 beds in Kentucky.  A regional commercial bank provided the first mortgage loan to the undisclosed borrower. Cambridge’s HUD LEAN platform will be used to refinance the bridge loan  Zach Scardina of Chicago-based Cambridge led the financing. 

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AcquisitionsNewsSkilled NursingTennessee

SLIB Arranges Sale of 98-Bed Skilled Nursing Community in Eastern Tennessee

by Hayden Spiess

SEVIEVILLE, Tenn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a skilled nursing community located in Sevieville near the foothills of the Great Smoky Mountains. The facility is situated on 9 acres and totals 98 beds.  According to SLIB, the seller, a Tennessee-based non-profit, received 18 offers for the property.  Ryan Saul and Patrick Burke brokered the transaction. 

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FinanceKansasMissouriNewsOhioSkilled Nursing

CFG Provides $318.8M in Financing for Skilled Nursing Operator

by Hayden Spiess

BALTIMORE — Capital Funding Group (CFG) has provided $318.8 million in financing across two transactions for a skilled nursing operator.  The transactions include $288.8 million in acquisition financing for a portfolio of 22 skilled nursing facilities totaling 1,884 beds, as well as a $30 million working capital line of credit for the borrower’s full skilled nursing portfolio. The portfolio totals 40 properties and 4,224 beds across Missouri, Kansas and Ohio.  Andrew Jones and Catherine Mansel of CFG originated the acquisition financing, and Jeff Stein and Jim Ginty originated the working capital …

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FinanceNewsNorth CarolinaSkilled Nursing

Berkadia Arranges $12.5M HUD-Insured Loan for Skilled Nursing Property in North Carolina

by Hayden Spiess

MOORE COUNTY, N.C. — Berkadia has arranged a $12.5 million HUD-insured loan for the refinancing of a skilled nursing property located in Moore County, North Carolina.  Built in 1992, the facility totals 144 beds.  The borrower has operated the property since 2019. In 2024, the borrower exercised an option from the original lease to acquire the leased fee interest in the community. The new loan will be used to retire all acquisition-related financing.  Jay Healy and Andrew Lanzaro of Berkadia secured the financing on behalf of the borrower.

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FinanceMarylandNewsSkilled Nursing

MonticelloAM Provides $435M in Financing for Skilled Nursing Portfolio in Maryland

by Hayden Spiess

NEW YORK CITY — MonticelloAM has provided $435 million in financing for a skilled nursing portfolio located in Maryland.  Totaling more than 1,890 beds, the portfolio comprises 14 facilities. The borrower owns and operates roughly 115 skilled nursing and assisted living properties throughout the Eastern U.S. and Sunbelt.  In addition to a $400 million acquisition loan, the financing includes a $35 million working capital line of credit.  “This closing came down to conviction in the sponsor and the assets,” says Jack Lally of New York City-based MonticelloAM. “They’ve done these complex …

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