by Steph Mallozzi | Jan 9, 2025 3:12 pm | Acquisitions, Financings
Ziegler announced the closing of Masonicare’s Series 2024 Taxable Loan totaling $17 million for the Senior Living Finance Practice. The loan closed December 16, 2024. Masonicare finalized an affiliation with United Methodist Homes (of Connecticut), which owns/operates... Read More »
by Steph Mallozzi | Jan 8, 2025 8:25 am | Acquisitions, Financings
Berkadia announced the financing of four seniors housing communities totaling $29.9 million in Mississippi, Florida and Indiana, with all the deals closing since November. Berkadia also announced the sale of two seniors housing communities. In November, Steve... Read More »
by Steph Mallozzi | Jan 8, 2025 8:18 am | Developments, Financings
Live Oak Bank announced a couple of construction loans closed on behalf of seniors housing borrowers. First, in December, Live Oak Bank provided a $40 million senior loan in partnership with a $39.6 million CPACE loan provided by Nuveen Green Capital for a joint... Read More »
by Steph Mallozzi | Jan 8, 2025 8:17 am | Acquisitions
Evans Senior Investments arranged the sale of the Villages of Lapeer, a skilled nursing facility in Lapeer, Michigan, approximately 50 miles northwest of Detroit. It was built in 1959, comprises 87 beds, and sits on 5.6 acres. Like many SNFs, the Villages of Lapeer... Read More »
by Steph Mallozzi | Jan 3, 2025 3:23 pm | Acquisitions
Forest Healthcare Properties facilitated the sale of a 106-bed skilled nursing facility in Auglaize County, Ohio, that was built in 1984 and was 85% occupied. The seller was a real estate investment firm looking to exit the state, and the buyer was CareCore Health,... Read More »