by Steve Monroe | Sep 19, 2018 7:02 am | Acquisitions, Financings
A newly-opened and quickly-stabilizing assisted living community in the affluent Chicago suburb of Prospect Heights, Illinois sold with the help of Richard Swartz, Jay Wagner and Timothy Hosmer of Cushman & Wakefield. Developed in May 2017 by a joint venture... Read More »
by Steve Monroe | Sep 19, 2018 7:01 am | Acquisitions, Financings
The Regions Bank Healthcare Real Estate Group arranged a $17.57 million five-year term loan on behalf of a joint venture to acquire a 100-unit assisted living/memory care community in northeast Ohio. Developed three years ago by a local family, the community was... Read More »
by Steve Monroe | Sep 19, 2018 7:00 am | Financings
Contemporary Healthcare Capital (CHC) closed two more mezzanine financings, working with bank partners to round out the capital stacks in the two transactions. CHC first returned to Wenatchee, Washington, where it had originally closed a $6.8 million construction loan... Read More »
by Steve Monroe | Sep 18, 2018 1:50 pm | Financings
It looks like National Health Investors may be in the buying mood again, as the REIT just entered into a $300 million bank term loan with a five-year maturity from a syndicate of banks. Proceeds from the new loan were used to reduce the outstanding balance on NHI’s... Read More »
by Steve Monroe | Sep 14, 2018 7:02 am | Financings
Newly formed Locust Point Capital closed out its first debt fund with $312 million invested, or $62 million more than what was originally targeted. Three of the four founders came from Contemporary Healthcare Capital, a well-known group that provides all sorts of debt... Read More »