by Steve Monroe | Oct 18, 2018 7:08 pm | Financings
Cambridge Realty Capital Companies provided a $3.9 million HUD loan to refinance the a 150-bed skilled nursing facility in Cahokia, Illinois. The fully amortizing, 35-year term loan was arranged for the property’s owner, an Illinois limited liability company, and the... Read More »
by Steve Monroe | Oct 17, 2018 7:02 am | 60 Seconds, Opinion
Join me Wednesday afternoon at 4:00 pm as I moderate the NIC Valuations session. By the time you are watching this, I will be walking around the meeting rooms, receptions, and various sessions at the NIC Conference. And please join me today at 4:00 pm as I am... Read More »
by Steve Monroe | Oct 17, 2018 7:01 am | Financings
There’s a new king of the HUD 232 Lean program. KeyBank Real Estate Capital unseated long-time leader Lancaster Pollard (which had topped the list since 2010 in terms of dollar volume) after closing $812.7 million in loans in FY2018, a record for single-year volume in... Read More »
by Steve Monroe | Oct 17, 2018 7:00 am | Acquisitions
Cushman & Wakefield served as the exclusive advisor to a joint venture between LCB Senior Living and Harrison Street Real Estate Capital in their recapitalization of four New England seniors housing communities. LCB had already been operating three of the... Read More »
by Steve Monroe | Oct 16, 2018 12:54 pm | Financings
Fred Levine of Greystone announced his latest two bridge financings that closed in Ohio and Pennsylvania, for three total skilled nursing facilities. Two of those facilities are located in Youngstown, Ohio and have undergone significant renovations in recent years.... Read More »