FILLMORE and SAN BERNADINO, Calif. — Helios Healthcare Advisors has arranged the refinancing of a two-property portfolio in California. EVA Care Group was the borrower. The portfolio totals 165 beds across a skilled nursing facility in San Bernardino and an assisted living community in Fillmore. According to Helios, both properties were previously mortgage free, allowing for greater liquidity. Helios secured funding through a private credit fund. The financing was structured to strengthen working capital throughout the borrower’s broader portfolio.
WEST PALM BEACH, Fla. — BHI, the U.S. branch of Bank Hapoalim, has provided a $29 million loan for the refinancing of an assisted living and skilled nursing facility located in West Palm Beach. Gold Standard of Care Group was the borrower. Totaling 70,272 square feet, the property was originally built in 1995. Significant renovations were completed in 2023 and 2024. Amenities at the community include a salon, bistro, chapel, courtyard, concierge, game room, gym, library, transportation, lounges, private dining and a spa room. Colonial Assisted Living operates the facility.
CHICAGO — Blueprint has brokered the sale of a skilled nursing portfolio totaling 570 beds in Virginia. Three of the four properties were originally constructed in the 1970s. The other facility was developed in 2005. Michael Segal, Jacob Gehl, Ryan Chase, Daniel Waldhorn and Dillon Rudy of Blueprint arranged the transaction on behalf of the seller, a REIT. Blueprint’s marketing process initially drew 14offers from potential buyers. A New York-based owner and operator was selected as the buyer after several rounds of bidding.
NEW YORK CITY — Dwight Mortgage Trust, REIT affiliate of Dwight Capital, has provided a $120 million bridge loan to finance a skilled nursing portfolio located in Florida. Totaling 795 beds, the portfolio comprises five skilled nursing facilities. Proceeds from the loan will be used to refinance the existing debt on two facilities as well as fund the acquisition of three of the facilities. Adam Offman of Dwight Mortgage Trust originated the financing. The properties include Balanced Healthcare in St. Petersburg, which totals 299 beds; Gulfside Health & Rehab Center in …
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How Safety Investments Build Trust in Senior Living Communities
Establishing trust is an ongoing challenge for many seniors housing communities, with operators continually working to draw in new residents while simultaneously recruiting staff in an industry plagued by high turnover and labor gaps. In both efforts, evidence of the owner’s commitment to safety infrastructure can be a deciding factor that brings people in for the long term, according to Clarisa James, national vertical sales director at Kings III Emergency Communications. “Families want reassurance that loved ones are safe, not only in their living areas but throughout the community,” James …
ATLANTA — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 100-bed skilled nursing facility located in Atlanta. A national seniors housing and long-term care owner sold the property to a Northeast-based owner and operator for an undisclosed price. The buyer plans to relocate the licensed beds within the county. Daniel Geraghty, Bradley Clousing and Nick Cacciabando of SLIB brokered the transaction on behalf of the seller.
NEW YORK CITY — MonticelloAM has provided $48.1 million in bridge and working capital financing for a skilled nursing portfolio located in North Carolina. The borrower was not disclosed. The portfolio totals more than 300 beds across three facilities. In addition to a $45.6 million bridge loan, the financing includes a $2.5 million working capital line of credit. “We focus on giving operators the resources they need to deliver strong care,” says Kim Gordon of New York City-based MonticelloAM. “With the $2 million working capital line of credit, we demonstrate our …
WOODLAND PARK, Colo. — Kiser Group has brokered the $13 million sale of a skilled nursing facility located in Woodland Park, roughly 20 miles northwest of Colorado Springs. The property, Forest Ridge, was 95 percent occupied at the time of sale. Cottonwood acquired the facility, adding to its portfolio of more than 30 skilled nursing properties in the state. Mark Myers of Kiser Group arranged the transaction. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” …
MAMARONECK, N.Y. — Kiser Group has brokered the sale of Sarah Neuman Skilled Nursing Facility in Mamaroneck, roughly 30 miles northeast of New York City. The property totals 250 beds. Mark Myers of Kiser Group arranged the sale. The seller was a religious nonprofit organization. According to Kiser Group, the property was initially under contract for $84 million, but the first buyer had to withdraw from the transaction due to rising interest rates. A second seller presented an offer of $72 million. Ultimately, Myers secured a third buyer and negotiated the …
NEW YORK CITY — MonticelloAM has provided a $70 million senior bridge loan to finance a portfolio of skilled nursing facilities located across Massachusetts and Rhode Island. The portfolio comprises 700 beds across eight properties. The $70 million bridge debt carries a 24-month initial term and will be used to refinance existing debt on the portfolio. “Our team delivered comprehensive financing solutions across the capital stack, successfully restructuring a pre-existing loan,” says Joseph Borenstein, head of the healthcare bridge lending team at New York City-based MonticelloAM. “This transaction highlights our deep …
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