Greystone Finances Southeast SNF Portfolio Acquisition

Fred Levine of Greystone successfully arranged bridge financing for the acquisition of seven skilled nursing facilities in the Southeast. Totaling 874 beds, the facilities are located in North Carolina (6) and Kentucky. Their new owner obtained a $71.92 million bridge loan with a 24-month term, two six-month extensions and no prepayment penalty. Greystone expects to […]

Merchants Capital Finances New Middle-Income Communities

A Midwestern developer of affordable and middle-income senior living communities, Wallick Communities, recently opened three assisted living communities in Ohio and obtained bridge financing to fund them through lease-up towards an eventual refinance with HUD. Merchants Capital, a division of Merchants Bank, arranged the nearly $50 million in bridge loans for the three developments. They […]

California SNF Acquisition Gets Financing from Harborview

An experienced private investment group acquired a portfolio of six skilled nursing facilities thanks to bridge financing at 90% loan-to-cost. Totaling $51.9 million, the three-year loan was originated by Jonathan Kutner and Eli Kutner of Harborview Capital Partners, and negotiated by Robert Kellerman. The acquired facilities combine for 678 beds and are located throughout California.

CIT Helps Refinance Florida Assisted Living Portfolio

CIT Group, through its Healthcare Finance business, served as sole lead arranger for a $64 million loan used to refinance three assisted living communities in Florida owned by the borrower, Virtus Real Estate Capital. Totaling more than 350 AL and memory care units, the properties are located in Clermont, Stuart and Tavares, Florida. That comes […]

Oxford Finance Funds Sterling Senior Care Acquisition

Maryland-based operator of senior care facilities across the Mid-Atlantic, Sterling Senior Care, acquired another Maryland skilled nursing facility, following its 2018 acquisition of a 129-bed Boonsboro facility for $15.55 million. The most recent transaction featured a 129-bed facility in Belkamp, located in northeast Maryland. To fund the deal, Sterling turned to Oxford Finance, which closed […]