by Steph Mallozzi | Sep 20, 2024 8:59 am | Financings
CIBC Bank USA provided an Iowa owner/operator with $21.0 million in senior secured credit facilities, including an $18.0 million mortgage facility for the refinance of existing indebtedness on three skilled nursing facilities. The performance of the portfolio, which... Read More »
by Steph Mallozzi | Sep 18, 2024 8:45 am | Acquisitions
Senior Living Investment Brokerage facilitated the sale of a personal care community in a highly desirable market in Forsyth County, Georgia. SLIB was engaged to solicit bids on behalf of the court-appointed receiver, GGG Partners. Built in 1997, Country Gardens... Read More »
by Steph Mallozzi | Sep 13, 2024 1:50 pm | Financings
Ziegler announced the closing of Garden Spot Village’s $67.27 million Series 2024 Tax-Exempt Fixed Rate bonds. The obligated group consists of Garden Spot Village and its subsidiary, GSV, LLC, and Garden Spot’s parent organization is the not-for-profit Garden Spot... Read More »
by Steph Mallozzi | Sep 12, 2024 3:33 pm | Acquisitions
After selling eight skilled nursing facilities in Connecticut earlier this year, California-based Summit Healthcare REIT further pared back its portfolio by divesting three SNFs in San Bernardino County, California. The portfolio comprises 191 beds and sold for $30... Read More »
by Steph Mallozzi | Sep 12, 2024 3:30 pm | Financings
Capital Funding Group financed over $54 million across six transactions from late July through mid-August. The financings supported six skilled nursing facilities across the country and were executed on behalf of nationally recognized borrowers. First, CFG closed a... Read More »