• SLIB’s Active Start to May 

    Senior Living Investment Brokerage hit a rich vein of activity at the start of May, reporting several closings for seniors housing and skilled nursing assets. First, Jason Punzel, Brad Goodsell, Vince Viverito and Jake Anderson facilitated the sale of a seniors housing community in Grants Pass, Oregon. Built in the 1960s, Oak Lane Retirement... Read More »
  • Final Asset Closes in SNF Portfolio Acquired by Ensign

    The Ensign Group acquired the real estate and operations of Marianwood Health and Rehabilitation, a 117-bed skilled nursing facility in Issaquah, Washington. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and will be operated by an Ensign-affiliated tenant. The... Read More »
  • Joint Venture Secures Financing for Two Standalone-Memory Care Communities

    BWE, together with Blueprint Capital Markets, closed two loans totaling $17.82 million to provide financing for the acquisition of two Class-A memory care communities: Windsong at Southridge ($10.42 million) and Windsong at Eola Hills ($7.4 million). Lundat Kassa of BWE handled the financing, having been brought onto the deal by the team at... Read More »
  • Montgomery Intermediary Group Announces M&A and Financing Activity

    Montgomery Intermediary Group continued its active 2025 with a financing and two recent M&A closings. First, Jeremy Warren worked on behalf of an owner/operator seeking to recapitalize a 210-unit assisted living community that was originally a purpose-built hotel. The goal was to generate cash for ownership and to finance cosmetic renovations... Read More »
  • Live Oak Closes Bridge-to-Sale Loan

    In April 2025, Live Oak Bank closed a $25 million bridge loan for a Harbert Seniors Housing Fund I, LP-held seniors housing community. The loan provides a bridge-to-sale and features a three-year initial term, 36 months of interest-only payments and $2.8 million in potential future earnout proceeds. Loan proceeds were used to return capital to... Read More »
Joint Venture Secures Financing for Two Standalone-Memory Care Communities

Joint Venture Secures Financing for Two Standalone-Memory Care Communities

BWE, together with Blueprint Capital Markets, closed two loans totaling $17.82 million to provide financing for the acquisition of two Class-A memory care communities: Windsong at Southridge ($10.42 million) and Windsong at Eola Hills ($7.4 million). Lundat Kassa of BWE handled the financing, having been brought onto the deal by the team at Blueprint, led by Senior Managing Director, Kristen Ahrens. Both acquisition bridge loans, which have five-year terms, 72% loan-to-cost and no-prepayment penalties, are non-recourse with fixed and competitive rates. BWE will provide permanent financing for the properties through HUD, a process that has already begun for Windsong at Southridge, which... Read More »
Montgomery Intermediary Group Announces M&A and Financing Activity

Montgomery Intermediary Group Announces M&A and Financing Activity

Montgomery Intermediary Group continued its active 2025 with a financing and two recent M&A closings. First, Jeremy Warren worked on behalf of an owner/operator seeking to recapitalize a 210-unit assisted living community that was originally a purpose-built hotel. The goal was to generate cash for ownership and to finance cosmetic renovations to enhance the property’s appeal. The owner had previously approached a few lenders but was unsuccessful in securing favorable financing terms. That’s when they engaged MIG to lead a debt arrangement process. The effort resulted in multiple term sheets, with the most competitive offer coming from a regional credit union actively looking to... Read More »
Live Oak Closes Bridge-to-Sale Loan

Live Oak Closes Bridge-to-Sale Loan

In April 2025, Live Oak Bank closed a $25 million bridge loan for a Harbert Seniors Housing Fund I, LP-held seniors housing community. The loan provides a bridge-to-sale and features a three-year initial term, 36 months of interest-only payments and $2.8 million in potential future earnout proceeds. Loan proceeds were used to return capital to sponsor and refinance bank debt for a 97-unit independent living, assisted living and memory care community near the Los Angeles, California MSA. Read More »
Senior Care Portfolio Secures Bridge Loan

Senior Care Portfolio Secures Bridge Loan

Grace Hill Capital, a real estate capital advisory firm specializing in seniors housing and healthcare that was founded in 2023 by Adam Shealy, served as exclusive financial advisor and placement agent for a bridge loan to refinance and recapitalize a seven-community seniors housing and care portfolio across Georgia, North Carolina and South Carolina. The interest-only bridge loan totaled $46.97 million and was structured with a 36-month term. The portfolio includes a total of 432 units and beds, consisting of 76 independent living units, 250 assisted living units, 59 memory care units and 47 skilled nursing beds. The transaction enabled the borrower to retire existing debt, complete a... Read More »
Montgomery Intermediary Group Announces M&A and Financing Activity

Forbright Closes HUD Financing for Maryland SNF

Forbright Bank’s HUD lending team recently closed a 232/223(f) loan for a skilled nursing facility in Rockville, Maryland. The new $19.9 million loan refinanced the existing Forbright Bank bridge loan (which provided cash-out after the initial funding), returned the original equity investment to the key principals, reimbursed the borrower for recent capital expenditures, and covered all transaction costs associated with the HUD loan. The facility has 100 beds and is in a market that is well-known to Forbright. Read More »
Joint Venture Secures Financing for Two Standalone-Memory Care Communities

DHC Closes Freddie Mac Financing

Diversified Healthcare Trust closed a nine-figure Freddie Mac financing secured by seven seniors housing communities in five states. Totaling 1,184 units, the assets are managed by Five Star Senior Living, the operating division of AlerisLife Inc.  The $109 million loan comes with a 10-year term and a 6.22% fixed interest rate, with interest only payable during the first five years. It matures on May 1, 2035, and DHC intends to use the loan proceeds to redeem a portion of its outstanding 9.75% senior notes due in 2025. Based on the 2024 NOI for the seven collateral communities, the appraised value of $236 million reflects an implied cap rate of 7.3%, or approximately $199,000 per... Read More »