by Steve Monroe | May 3, 2019 7:00 am | Financings
Dwight Capital closed a couple of bridge loans for skilled nursing clients in the Midwest. First up, the firm arranged a $3.77 million loan for a senior care facility in Beloit, Kansas. Built in multiple stages from 1971 to 2004, the campus includes 110 units and 116... Read More »
by Steve Monroe | May 2, 2019 3:46 pm | Financings
When a CCRC in Norfolk, Virginia wanted to launch a major $200 million expansion of its campus, it turned to its long-time partner HJ Sims to finance the project. The two go way back (to the early 2000s), with Sims structuring, placing or underwriting the initial seed... Read More »
by Steve Monroe | May 1, 2019 7:01 am | 60 Seconds, Opinion
Washington has passed its version of a long-term care insurance bill, sort of, using a payroll tax to fund it. Unlike the misconceived Class Act that was originally part of the Affordable Care Act, which was designed to rob Peter to pay Paul, Washington State has just... Read More »
by Steve Monroe | May 1, 2019 7:00 am | Financings
Just a few months after announcing the hiring of the HFF seniors housing team to its ranks, Newmark Knight Frank (NKF) just announced that it snagged industry veterans Heidi Brunet and Lisa Lautner from Berkadia. They will join NKF as executive managing directors and... Read More »
by Steve Monroe | Apr 30, 2019 2:41 pm | Financings
A couple of seniors housing communities in western New York received Freddie Mac financing courtesy of KeyBank Real Estate Capital. Carolyn Nazdin of the firm’s Healthcare Group arranged two fixed-rate loans with 15-year terms and five-year interest-only periods. The... Read More »