by Steph Mallozzi | May 16, 2024 3:45 pm | Financings
Capital Funding Group closed a $36.2 million bridge-to-HUD loan to support the refinancing of five skilled nursing facilities in North Carolina that total 522 beds. CFG refinanced an existing loan to include two additional underleveraged facilities on behalf of a... Read More »
by Steph Mallozzi | May 16, 2024 3:43 pm | Uncategorized
Berkadia hired Lisa Burgess, appointing her as SVP, Capital Markets – Seniors Housing and Healthcare. Burgess will be responsible for managing the balance sheet bridge financing process as well as the identification and management of third-party lending relationships... Read More »
by Steph Mallozzi | May 14, 2024 3:27 pm | Acquisitions
Senior Living Investment Brokerage was brought on by a partnership in its divestment of an assisted living/memory care community in Freehold, New Jersey. The partnership was between Stephanie Anderson and Steve Walling, known as SilverStone HCRE, and a private equity... Read More »
by Steph Mallozzi | May 14, 2024 3:24 pm | Financings
Cain Brothers advised FilBen Group on a $30.67 million HUD refinancing for Wallkill Realty Partners (dba Braemar at Wallkill), an assisted living community in New York. The proceeds on the loan will be used to refinance The Orange County Funding Corporation Assisted... Read More »
by Steph Mallozzi | May 13, 2024 2:35 pm | Financings
First Citizens Bank’s Healthcare Finance business served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland that comprise over 1,500 beds. The borrower, a new client, is a Midwest-based healthcare real estate... Read More »