by Ben Swett | Apr 22, 2025 3:36 pm | Financings
Berkadia’s Jay Healy Andrew Lanzaro arranged a $15 million loan through HUD’s 232/223(f) program for a California-based sponsor and repeat Berkadia client. The 35-year, non-recourse loan refinanced bank debt that was utilized to pay off the previous HUD loan and fund... Read More »
by Ben Swett | Apr 21, 2025 8:29 am | Financings
Helios Healthcare Advisors structured and arranged a credit facility used to refinance and consolidate existing senior debt as well as to provide construction financing for a new development. The facility was secured by a portfolio of nine assisted living and memory... Read More »
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 »