Regional Bank Provides Financing for MC Community
Jeremy Warren of Montgomery Intermediary Group arranged a refinancing for a client’s 48-unit memory care community in Merrillville, Indiana. Originally built in 2016, the community was stabilized and had an approaching debt maturity. The owner sought to retire both the existing bank debt and an outstanding seller note from the initial acquisition. MIG generated multiple aggressive term sheets and ultimately secured a $5+ million loan from a specialized regional bank that met the client’s objectives. Read More »
VIUM Capital Leads HUD LEAN Mid-Year Rankings
HUD’s fiscal year 2026 hit the halfway point on March 31, and so far VIUM Capital is leading the way in closed 232 loans and by total loan volume with 41 transactions and $598.0 million in volume, respectively. That represents 22% of the program’s closed loans in the first half of the fiscal year and 19% of the total volume. And 32 of VIUM’s HUD closings, or 78%, took out VIUM bridge debt. In second place was Greystone with 23 closed loans and $445 million of volume. Dwight Capital closed 17 loans, good for third place, and $304 million in volume, for fourth place. KeyBank and Capital Funding Group tied with 16 closed loans each and closed $344 million and $232 million in volume,... Read More »
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 »Schedule a demo
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