by Steve Monroe | Mar 20, 2018 3:28 pm | Financings
Capital One pulled double duty for its client, Healthcare Trust (HTI), arranging more than $145 million in total financing. First, back in December, the firm served as administrative agent and sole lender for an $82 million senior secured credit facility, which... Read More »
by Steve Monroe | Mar 15, 2018 4:01 pm | Acquisitions, Developments
A few weeks after HCR ManorCare filed a pre-packaged bankruptcy petition, yet another one of its skilled nursing facilities has been sold. This facility is located in Yeadon, Pennsylvania, which is outside of Philadelphia, and Tryko Partners was the buyer. Built in... Read More »
by Steve Monroe | Mar 15, 2018 3:57 pm | Financings
KeyBank Real Estate Capital arranged HUD financing for an eight-property skilled nursing portfolio with 1,063 beds in Texas. The loan amount was $90.8 million, or about $85,400 per bed. KeyBank was the lead in a syndicate of lenders that provided a $315 million bridge... Read More »
by Steve Monroe | Mar 15, 2018 3:54 pm | Developments, Financings
Speaking of backyards, Grandbridge Real Estate Capital arranged $35 million in Freddie Mac financing for a one-year old assisted living and memory care community in Norwalk, Connecticut. The 10-year, fixed-rate loan has a 30-year amortization. The community is located... Read More »
by Steve Monroe | Mar 15, 2018 3:50 pm | Acquisitions, Developments
It is not often that a seniors housing brokerage firm can sell a community in their home town, but the Boulder, Colorado office of Evans Senior Investments was hired to sell a 54-unit independent living community in Boulder. The community, built in 2007, has been... Read More »