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 »
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 »