by Steph Mallozzi | Jun 25, 2024 3:47 pm | Financings
Capital Funding Group announced the closing of a $42 million HUD financing package on behalf of a nationally recognized borrower. The package included three loans supporting the refinance of existing bridge loans for three skilled nursing facilities: a $9.8 million... Read More »
by Steph Mallozzi | Jun 25, 2024 3:46 pm | Acquisitions, Financings
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed a $142 million bridge acquisition loan for a portfolio of 10 skilled nursing facilities in prime Southeast urban markets in Georgia (Atlanta), Tennessee (Memphis), Alabama (Mobile) and Louisiana... Read More »
by Steph Mallozzi | Jun 21, 2024 3:47 pm | Acquisitions
Senior Care Realty was brought on by a mom & pop in their divestment of a skilled nursing facility in northwest Iowa. The seller had owned the facility for over 50 years, and was the second owner since the facility’s inception. They had plans to retire, leading to... Read More »
by Steph Mallozzi | Jun 21, 2024 3:25 pm | Acquisitions
Berkadia Seniors Housing & Healthcare facilitated the sale of three assisted living and memory care communities. Of the three, two are in South Carolina and the other is in Virginia. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders handled both... Read More »
by Steph Mallozzi | Jun 21, 2024 3:15 pm | Financings
IDB Bank served as the administrative agent on a $201.5 million bridge-to-HUD loan to refinance existing debt for a national portfolio of 21 skilled nursing facilities in North Carolina, Michigan, Georgia and Texas. The facilities comprise 2,500 beds, have decent... Read More »