• Public REIT Divests Two Georgia AL/MC Communities

    Berkadia was engaged in the sale of two assisted living and memory care communities in the Atlanta, Georgia MSA. The communities are located in Atlanta and Marietta and total 146 units. The seller was a publicly traded REIT. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders handled the transaction. No additional details were... Read More »
  • Missouri-Based Provider Acquires SNF Portfolio (with HUD debt)

    Blueprint was engaged by Birchwood Healthcare Partners, a Chicago-based private investor and owner/operator, in its sale of its eastern Oklahoma skilled nursing portfolio. The regionally clustered portfolio comprises seven facilities that total 561 beds. It benefited from the recent Medicaid rate increases and steady census rebounds. There was... Read More »
  • CFG Secures Bridge-to-HUD Loan for Massachusetts SNF

    Capital Funding Group announced the closing of a bridge-to-HUD loan totaling $9.75 million on behalf of a nationally recognized borrower. The loan supports the refinancing of a 123-bed skilled nursing facility in Massachusetts. Tim Eberhardt, Craig Casagrande and Ava Julio handled the transaction. This financing follows CFG’s announcement of the... Read More »
  • Joint Venture Acquires AL Community in Colorado

    Ziegler was engaged by Bethesda Senior Living in its sale of an assisted living community in Grand Junction, Colorado. Bethesda is divesting this non-core asset to focus on the growth of its mission. Cornerstone Management purchased the community in conjunction with a private real estate fund. Eric Johnson handled the transaction. No other... Read More »
  • 60 Seconds with Swett: M&A Activity Heats Up in May

    We have said this before, but the seniors housing and care M&A market is on pace to record its best-ever year in terms of transaction activity, and by some margin. Already by this point in May, we are closing in on 250 transactions for the year, so far, which puts us on track for more than 600 publicly announced deals when we close out 2024.... Read More »
CFG Secures Bridge-to-HUD Loan for Massachusetts SNF

CFG Secures Bridge-to-HUD Loan for Massachusetts SNF

Capital Funding Group announced the closing of a bridge-to-HUD loan totaling $9.75 million on behalf of a nationally recognized borrower. The loan supports the refinancing of a 123-bed skilled nursing facility in Massachusetts. Tim Eberhardt, Craig Casagrande and Ava Julio handled the transaction. This financing follows CFG’s announcement of the closing of a $36.2 million bridge-to-HUD loan that supported the refinancing of five skilled nursing facilities in North Carolina. The facilities total 522 beds. CFG refinanced an existing loan to include two additional underleveraged facilities on behalf of a nationally recognized borrower. Read More »
HutsonWood at Spring Hill Secures Funding

HutsonWood at Spring Hill Secures Funding

Ziegler announced the closing of HutsonWood at Spring Hill, Inc.’s Series 2024 revenue bond anticipation notes. The notes are comprised of $14.67 million of Series 2024A tax-exempt notes sold publicly to institutional investors and $3.0 million of Series 2024B subordinate taxable notes purchased by an affiliate of the borrower. HutsonWood (dba Belle Springs), is a Tennessee not-for-profit organization that will use the proceeds of the notes to acquire approximately 20 acres of land and to finance certain pre-construction development costs related to an expansion and repositioning of an existing skilled nursing and assisted living community located in Spring Hill, Tennessee. Emerald Spring... Read More »
CBRE Secures Financing for Washington Asset

CBRE Secures Financing for Washington Asset

CBRE secured financing for a seniors housing community in Tacoma, Washington, on behalf of a joint venture between Harrison Street, PMB and GenCare Lifestyle. Built in 2020, GenCare Lifestyle Tacoma at Point Ruston comprises 159 independent living, assisted living and memory care units. The community fully opened in the fourth quarter of 2020 and leased up to 90% in 36 months, averaging four net move-in’s per month. Occupancy is currently hovering around 98%. Aron Will and Tim Root secured a three-year loan for this transaction. Read More »
Live Oak Bank Returns to Santee Seniors Housing Campus

Live Oak Bank Returns to Santee Seniors Housing Campus

Live Oak Bank closed a $27.0 million refinance with a repeat client for an assisted living/memory care community, The Ridge at Lantern Crest, situated on a larger campus, Lantern Crest, in Santee, California. Lantern Crest, operated by Lantern Crest Senior Living, is a 34-acre seniors housing campus developed by The Grant Companies. It offers independent living, assisted living and memory care. Development occurred in three phases, with Phase I being The Ridge at Lantern Crest, Phase II being The Pointe at Lantern Crest and Phase III being The Plaza at Lantern Crest.  The Ridge, which opened in 2012, was originally built with 80 assisted living and memory care units. It was expanded... Read More »
The Current Lending Environment for Senior Care Properties

The Current Lending Environment for Senior Care Properties

The financing process has killed dozens (and hundreds) of deals in the last couple of years, and yet M&A activity is near record levels in the seniors housing and care industry. So deals are getting done, and not just with cash. Who has been lending and at what cost to the borrower? What hurdles have to be overcome? And when capital costs do lower, how can owners and operators best prepare to finance the oncoming wave of deals and demographics? Read More »
CFG Secures Bridge-to-HUD Loan for Five North Carolina SNFs

CFG Secures Bridge-to-HUD Loan for Five North Carolina SNFs

Capital Funding Group closed a $36.2 million bridge-to-HUD loan to support the refinancing of five skilled nursing facilities in North Carolina that total 522 beds. CFG refinanced an existing loan to include two additional underleveraged facilities on behalf of a nationally recognized borrower. Tommy Dillon originated the transaction.  This financing follow’s CFG’s closing of a bridge-to-HUD loan totaling $20 million, on behalf of a nationally recognized borrower. The loan supported the refinancing of a 125-bed skilled nursing facility in Maryland. Read More »