Capital Funding Group’s 2022 Recap
Capital Funding Group (CFG) announced that the company executed more than $2.7 billion in financing deals throughout 2022. The transactions consisted of seniors housing and multifamily properties. Of that total, CFG financed 24 HUD loans, in excess of $250 million, and 88 healthcare and multifamily bridge-to-HUD loans, in excess of $2.5 billion. Some highlights from CFG’s seniors housing and long-term division included: $317 million bridge loan for the refinancing of a nationwide skilled nursing facility portfolio $40 million loan for the refinancing of an assisted living/memory care community in Simi Valley, California $19 million HUD loan for a 152-bed skilled nursing facility in Florida... Read More »
Northmarq Arranges Construction Loan
Northmarq’s debt and equity team of Keith Wells, Hunter Wood, Reina Abboud and Mike Lowry arranged a $38.1 million loan for the construction of Lake Forest at Swift Creek in Midlothian, approximately 15 miles west of Richmond. Set on 11.7 acres, the active adult community will have 176 units in four stories, and is being developed by The Holladay Corp., a real estate development and investment firm based in Washington, D.C. The community will open in 2024. Sandy Spring Bank provided the debt for the development. Read More »
Bellwether Arranges $47 Million in Refinancing
Bellwether Enterprise Real Estate Capital LLC arranged two separate refinancings totaling over $47 million for two assisted living and memory care communities. First for BWE was a $28.8 million loan to refinance an assisted living and memory care community in the Chicago metropolitan area on behalf of a private equity firm with a focus on seniors housing. Next for BWE was the arrangement of an $18.6 million loan to refinance an assisted living and memory care community in San Jose, California, on behalf of affiliates of Westmont Living. Ryan Stoll and Taylor Mokris of Bellwether originated the loans through regional banks on behalf of the borrowers. Read More »
Oxford Finance 2022 Activity Recap
Oxford Finance LLC announced that its Healthcare Real Estate Group closed a record-level of originations in 2022. In total, Oxford provided over $867 million of capital commitments. The group closed a total of 14 transactions, with credit facilities ranging from $9 million to over $124 million. The healthcare real estate team at Oxford closed the following transactions in 2022: Ohio Acquisition: A $80.75 million term loan and an $8.5 million revolving line of credit to finance the acquisition of four senior care campuses comprising skilled nursing, assisted living, and independent living units for an experienced Midwestern operator. Florida Acquisition: $115.5 million term loan and $9.0... Read More »
Ziegler Finances South Carolina CCRC Expansion
Ziegler closed $29.2 million in Series 2023A and B bonds for Bishop Gadsden Episcopal Retirement Community, a not-for-profit CCRC on James Island in Charleston, South Carolina. The financing will help fund the construction of an independent living expansion on the campus and comes four years after Ziegler also helped finance the construction of a replacement health center and renovation/expansion of the campus’s assisted living portion. Bishop Gadsden opened in 1987 on land donated by St. James Episcopal Church, and now includes 268 independent living units, 79 assisted living units, 32 memory care units, 32 post-acute skilled nursing beds, and 68 long-term care beds on 125 acres. The... Read More »Schedule a demo
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