About Ben Swett
Articles Written by Ben Swett
Marx Development Group Finalizes West Virginia Acquisition
Lument Securities has closed the sale of four West Virginia-owned skilled nursing facilities to Marx Development Group (MDG). MDG subsidiary Majestic Care is taking over operations at the facilities in a smooth transition. The deal closed on October 31. Managing... Read More »
Seller Divests and Exits Seniors Housing Space
Brooks Minford of Berkadia sold a seniors housing campus in central Florida, in the town of Lakeland between Orlando and Tampa. Built in 2014 and 2017, the community features 156 units of independent living, assisted living and memory care. It was well occupied at... Read More »
SNF Replaces Existing Financing with New HUD Arrangement
JD Stettin of Carnegie Capital arranged a couple of financings for two skilled nursing facilities in Texas. First, a 94-bed facility in the Wichita Falls market refinanced its existing acquisition financing with a new $8.5 million HUD arrangement. Built in the 1970s,... Read More »
CIBC Bank’s Recent Skilled Nursing Activity
CIBC Bank USA shared its recent financing activity, totaling more than $100 million. The largest transaction saw the bank provide a $50 million term loan and a $4.0 million working capital revolving line of credit to a regional owner/operator to refinance a skilled... Read More »Schedule a demo
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