Acquisition Financing Secured by Joint Venture
CBRE’s Aron Will and Michael Cregan closed a $45.5 million acquisition loan for a joint venture between an institutional investor and its operating partner. The acquired Class-A community is located in the Southeast. CBRE also handled the sale of the community. Separately, the CBRE team closed a nine-figure cash-out refinance for an undisclosed client. The transactions come after the closing of acquisition financing for Belmont Village Aliso Viejo. Aron Will and John Sweeny represented the joint venture seller in the deal, while Will and Matthew Kuronen arranged the acquisition loan from a national bank. The loan came with a four-year term, a full term of interest only and a floating... Read More »
12 Financings for 26 Senior Care Facilities Close
Capital Funding Group financed more than $350.9 million across 12 transactions from mid-September through the end of October. The transactions supported 25 skilled nursing facilities and one facility with skilled nursing and assisted living. The assets were spread across Maryland, New York, South Carolina, Texas, New Jersey, Washington, Georgia, Tennessee and Missouri on behalf of nationally recognized borrowers. Details of the twelve transactions include: $38.1 million HUD loan for the refinancing of one skilled nursing facility in Maryland, featuring a total of 156 beds. Tim Eberhardt, Craig Casagrande and Catherine Mansel originated the deal. $17.0 million bridge loan increase for a... Read More »
Joint Venture Buys Orange County Community
A high-end seniors housing community in Orange County sold with the help of CBRE National Senior Housing. Aron Will and John Sweeny represented the joint venture seller in the deal, while Will and Matthew Kuronen arranged acquisition financing from a national bank. The loan came with a four-year term, a full term of interest only and a floating rate. A joint venture between Belmont Village Senior Living and Harrison Street Asset Management bought the asset for an undisclosed price. But considering the affluent market and the high-quality Belmont Village brand, we believe it was a high price. Belmont Village Aliso Viejo was built in 2019 and encompasses 3.4 acres and features a... Read More »
Developer Secures Construction Financing
JLL Capital Markets arranged a $47 million construction financing for The Arbella at Blue Hills, a 164-unit, active adult community to be developed in Bloomfield, Connecticut. JLL worked on behalf of the developer, The United Group of Companies, Inc. (United Group) to secure the construction loan through Liberty Bank of Middletown, Connecticut. Opening in 2027, the 10.3-acre site will consist of nine residential buildings offering one-bedroom, two-bedroom, two-bedroom-plus-den, and townhome units, including 19 affordable units. Units will feature open floor plans, nine-foot ceilings, stainless steel appliances, granite countertops, walk-in closets, double-sink vanities, full-size... Read More »
Midwest-Based Operator Refinances AL/MC Communities
MONTICELLOAM, LLC, along with firm affiliates, provided a $28.5 million senior bridge financing for two Midwest seniors housing communities. The financing was originated by Karina Davydov, Senior Managing Director, Originations. The sponsor, a Midwest-based operator with a portfolio of over 40 seniors housing and healthcare properties and a returning client, will use loan proceeds to refinance the two assisted living/memory care communities in Wisconsin and Ohio with over 200 units. Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
