by Ben Swett | Apr 17, 2025 4:00 pm | Financings
Live Oak Bank recently closed a $34.3 million bridge loan in partnership with Berkadia Commercial Mortgage for a two-property portfolio owned and operated by BrightSpace Senior Living. The communities are located in the Nashville, Tennessee, and Boise, Idaho MSAs. The... Read More »
by Ben Swett | Apr 17, 2025 3:59 pm | Financings
Lument closed two HUD loans totaling $20.7 million to refinance two memory care communities in northern California. Doug Harper, managing director at Lument, co-originated the loan with Grant Goodman of G Capital. The two communities are Crescent Oaks Memory Care,... Read More »
by Ben Swett | Apr 17, 2025 3:56 pm | Acquisitions
Berkadia closed the sale of two separate assets in Florida and Georgia. First, Berkadia was engaged by a national owner/operator in the sale of a CCRC in South Florida. The property appears to be Abbey Delray, a 505-unit community originally built in 1979 in Delray... Read More »
by Ben Swett | Apr 17, 2025 3:54 pm | Acquisitions
Fortress Investment Group just purchased one of the largest rental seniors housing communities in the country, adding The Village at Gainesville in Gainesville, Florida, to its portfolio. Regionally anchored by the University of Florida and the innovative UF Health... Read More »
by Ben Swett | Apr 15, 2025 3:08 pm | Acquisitions
Andrew Montgomery of Montgomery Intermediary Group closed another two transactions, continuing an active 2025 for the firm. First, Montgomery took on the sale of a 120-bed skilled nursing facility in southern Illinois. Built in 1990, the property was well maintained... Read More »