Record-Setting HUD Express Lane Application to Commitment
Cambridge Realty Capital provided a $6.15 million loan to refinance Avalon Memory Care Keller, a 50-bed stand-alone memory care community in Keller, Texas (Dallas-Fort Worth MSA). The fully amortized, 35-year HUD loan was provided for the owner, a Texas limited liability company, that wished to recast bank debt into a long-term non-recourse mortgage. Cambridge utilized the Express Lane program to refinance the existing HUD loan, and the application to commitment was issued in a record-setting five calendar days. Read More »
Large Healthcare Owner Receives Financing
An owner of more than 80 healthcare properties spanning nine states secured bridge and working capital financing for its skilled nursing portfolio in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. MONTICELLOAM provided the funding. Read More »CFG Hit the Ground Running in Q1
Capital Funding Group wasted no time in the first quarter, closing $428.9 million in total financing. The transactions spanned skilled nursing, assisted living, independent living, memory care, behavioral health, multifamily and commercial lending on behalf of nationally recognized borrowers. Some highlighted transactions include: ● A $17.6 million acquisition bridge loan for the financing of a 120-bed skilled nursing facility in Nevada, for an existing client. Patrick McGovern and Ryan Hunsicker originated the deal. ● A $9.0 million HUD loan for the refinancing of a 70-bed skilled nursing facility in Montclair, New Jersey. Tommy Dillon originated the deal. ● $42.9 million in financing for... Read More »
Separate Borrowers Secure Financing
Cambridge Realty Capital announced a couple separate closings. First, the company provided a $4.31 million HUD refinance of Elizabeth Care Center, a skilled nursing facility in Elizabeth, West Virginia. Cambridge utilized HUD’s Express Lane, which enabled the loan application to receive its firm commitment just 18 days after being accepted. According to LevinPro LTC, the facility sold at the end of 2024 to Providence, a not-for-profit, faith-based health care system that had been operating the facility since February 2020. It comprises 36 beds, and was built in 2010 by the seller, Coplin Health Systems. Cambridge Realty Capital also funded $49.67 million in first mortgage financing... Read More »
Ohio AL/MC Community Secures Refinance
Ziegler served as the lead financial advisor in the placement of a $10.35 million loan to refinance existing indebtedness for an 80-unit assisted living/memory care community in Toledo, Ohio. Patrick Lee, Managing Director in Ziegler’s Senior Housing & Care Finance Practice, advised and negotiated the transaction for the borrower, a private owner. John Gast, Michael McGinnis and Jake Chivini also supported the transaction. The loan was placed with Stride Bank with terms designed to support the objectives of the sponsor, borrower and residents. The financing also highlighted Stride’s ongoing relationship with Ziegler, while establishing a new relationship with the sponsor... Read More »Schedule a demo
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