by Steph Mallozzi | Jul 1, 2024 8:22 am | Acquisitions
The not-for-profit Pinnacle living is adding two seniors housing communities in Henrico, Virginia, to its portfolio. The previous operator was Spring Arbor Senior Living. Spring Arbor of Richmond has 90 assisted living and memory care units. Spring Arbor Cottages of... Read More »
by Steph Mallozzi | Jun 27, 2024 3:16 pm | Financings
Greystone provided a $29.4 million HUD loan to refinance a skilled nursing facility in Tucson, Arizona. The permanent loan carries a 35-year term and amortization. Sandstone of Tucson Rehab Centre in Pima County comprises 240 beds in 127 units, with 43 private and 84... Read More »
by Steph Mallozzi | Jun 27, 2024 3:15 pm | Financings
Berkadia announced it worked with Poppy Bank to close 12 different loans totaling over $329.7 million of bridge debt in April, May and June. The 12 properties include a portfolio of six, a three-pack and three individual properties. Together, the assets comprise 1,597... Read More »
by Steph Mallozzi | Jun 25, 2024 3:49 pm | Acquisitions
Berkadia facilitated the sale of a Class-A seniors housing community in New Braunfels, Texas. Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders handled the transaction on behalf of Biloxi, Mississippi-based LifeCare Properties, a wholly owned subsidiary of... Read More »
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 »