Stay up-to-date on skilled nursing and assisted living businesses, retirement communities, REITs and home health care with The SeniorCare Investor newsletter. For over 50 years, The SeniorCare Investor has been tracking mergers, acquisitions, equity & debt financings, bankruptcies and corporate shake-ups in the senior care market.
Cushman & Wakefield Senior Housing Capital Markets, in collaboration with Bridge Structured Finance, successfully refinanced a large CCRC in Venice, Florida (near Sarasota) on behalf of its owners, joint venture partners Bridge Investment Group and Freedom Management. Over four years ago, C&W originally arranged a $52 million secured term loan and a revolving line of […]
Orix Real Estate Capital may be making some big moves of late, highlighted by its acquisition of Hunt Real Estate Capital, but it hasn’t stopped them from getting back to business closing transactions. Rob McAdams of Orix affiliate Lancaster Pollard Mortgage Company recently helped Mission Senior Living refinance one of its newest senior living communities. […]
Still under a year after its launch, Creativcap has announced three more transactions, with a couple of other closings in the pipeline. First up on the brokerage side, Creativcap Advisory acted as co-broker on a $30 million sale of two senior living communities in the eastern Atlanta market. Built in the 1990s, the communities total […]
HJ Sims headed back to familiar territory, arranging a refinance for a client it has been working with since 1988. On behalf of The Mary Wade Home, a skilled nursing/assisted living facility that also offers adult day care, physical rehab and transportation services in New Haven, Connecticut, the firm secured $45.8 million in both taxable […]
ORIX Corporation USA is continuing to make waves in the senior care lending space. Two years after the firm acquired Lancaster Pollard, they have now agreed to acquire Hunt Real Estate Capital, a subsidiary of Hunt Companies, Inc. In addition to that deal, upon closing, Hunt Real Estate Capital’s President and Chief Investment Officer, James […]
Greystone ended October with a couple of varied transactions. First, Cary Tremper facilitated a Freddie Mac $43.98 million loan to support the acquisition of a 207-unit senior living community in Daly City, California (San Francisco MSA). The loan was originated on behalf of the borrower, Senior Resource Group and Welltower. Built between 2008 and 2011, […]
Walker & Dunlop both structured and provided $28.3 million in acquisition financing for the new owner of a 194-bed senior care campus in the Cape Cod town of Brewster, Massachusetts. Coming with a two-year term and interest-only payments throughout the life of the loan, the financing covers about 90% of the acquisition costs, leaving the […]
Peter Trazzera, Patrick Gilbreath and Megan Major of KeyBank Real Estate Capital structured a $40 million bridge loan to refinance a 183-unit senior living community in Raleigh, North Carolina. Developed, owned and operated by Singh Development, the community features 121 independent living, 39 assisted living and 23 memory care units, and operates under the Waltonwood […]
Two skilled nursing facilities in Hawaii refinanced their debt and lowered their interest rate by about 60% in a transaction led by HJ Sims. The facilities, both located in Honolulu, consisted of 92 beds and 75 beds, respectively. Before this refinancing, they were collateralized with a single, high-interest rate bridge loan that had both a […]
Regions Bank closed a couple of transactions in recent weeks for both a to-be-built senior living community and an existing one whose owners were looking to get a small cash-out. The $29.2 million construction loan was arranged for a joint venture between a Midwest-based developer/owner and a Southeast-based operator. Located in a fast-growing Alabama market, […]