Ikaria and G Capital Close Scattered Site HUD Deal
Ikaria Capital Group and G Capital recently teamed up on a $30 million seven-asset portfolio HUD refinancing for Bethany Homes, a regional owner/operator based in Northern California. The portfolio included five six-bed Residential Care Facility for the Elderly (RCFE) homes (built in 1949, 1954, 1958, 1958 and 1979), a 20-unit assisted living community called Livermore Valley Senior Living (built in 1963), and a 29-unit assisted living community built in 2021 called Bethany Homes Assisted Living. The assets are scattered across the Bay Area towns of Concord, Lafayette and Livermore. Occupancies have held steady around 90% for many years. This was a long-term project over the course of... Read More »
Berkadia Is Off to the Races
Berkadia’s Seniors Housing & Healthcare platform had an active first quarter of lending, originating more than $508 million in financing volume. The mortgage banking platform closed 32 transactions, including $128 million in Berkadia Bridge fundings across 15 deals. The seniors housing investment sales platform closed an additional 40 seniors housing and healthcare transactions. In one notable transaction, Berkadia completed the sale and financing of The Pillars at Lakeville, a Class-A community with 100 independent living, assisted living and memory care units in Minnesota. More on the deal can be seen here on LevinPro LTC. Berkadia also completed the sale and financing of The... Read More »
Senior Care Owner Secures Additional Financing
MONTICELLOAM provided $144 million in combined bridge and working capital financing to a six-facility skilled nursing portfolio in Washington. The transaction includes a $140 million bridge financing and a $4 million working capital line of credit, with a 36-month initial term. The sponsor is a returning healthcare client with a regional West Coast footprint that includes more than fifteen facilities. The bridge loan was used for the acquisition of the six skilled nursing facilities, which comprise over 720 licensed beds. A week earlier, MONTICELLOAM closed an investment for $46 million with the same sponsor (read more on that here on LevinPro). Read More »CareTrust Keeps Its Foot on the Gas
CareTrust REIT has deployed nearly $1 billion in closed transactions so far this year, after closing around $1.8 billion in investment activity in 2025, and its pipeline includes $450 million of near-term, actionable opportunities, excluding larger portfolio transactions. The REIT announced that it closed a few separate transactions in mid-April, totaling $628 million, and the investments carry a blended stabilized yield of 8.8%. They were funded using a combination of proceeds received from settled equity forward contracts and a draw from CareTrust’s revolving credit facility. In one of the transactions, CareTrust acquired a 15-asset skilled nursing portfolio that comprises 1,700 beds in... Read More »VIUM Capital Announces Slew of HUD Closings
VIUM Capital closed four HUD 232/223(f) financings in March totaling more than $63 million across a mix of skilled nursing and seniors housing communities. Two of the financings involved skilled nursing facilities in Oklahoma totaling 176 beds. The assets were originally acquired as part of a larger portfolio and refinanced following a bridge-to-HUD strategy. Each loan was structured with a 35-year term, providing long-term stability and improved debt service following the initial acquisition phase. VIUM also closed a $16.3 million HUD loan on a recently developed assisted living/memory care community in Michigan that has already achieved stabilization. The loan refinanced an earlier VIUM... Read More »Schedule a demo
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