Class-A Seniors Housing Portfolio Secures Refinance
BWE closed a $330 million financing on behalf of Spectrum Retirement Communities. The transaction refinances an eight-property Class-A seniors housing portfolio developed by the sponsor. They are in major metropolitan areas in four states across the Midwest and Southwest. Ryan Stoll and Taylor Mokris of BWE’s National Seniors Housing and Care team arranged the financing. The transaction attracted strong interest and competition from an array of lenders, including agencies, life insurance companies, banks and private credit firms. Ultimately, a global private credit investor provided the non-recourse financing, which includes full-term interest-only, a highly competitive interest rate, and... Read More »
Berkadia Reports Recent Deal Activity
Berkadia announced a few closings in the Midwest. First, Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers were engaged by Ryan Companies US in its divestment of a Class-A seniors housing community in Cedar Rapids, Iowa. Built in 2017 by Ryan Companies, Grand Living at Indian Creek comprises 165 independent living, assisted living and memory care units. The property is situated near Mercy Medical Center and UnityPoint Health-St. Luke’s Hospital, two of the region’s leading healthcare providers. The in-place operator, Grand Living, will continue to manage the community. The buyer and financials were not disclosed. Fasano, Sanders, Tremper and Garbers also facilitated the... Read More »
Ikaria Capital Group Completes First HUD Transaction
Since launching in February, Ikaria Capital Group, whose team brings more than 100 years of collective experience in financing, structuring, underwriting, servicing, and asset-managing bridge and FHA/HUD loans, has already completed its first HUD transaction. The $16.5 million closing was executed on behalf of a private investment firm. The borrower, an existing client, had previously acquired a skilled nursing facility in California in 2023. The HUD takeout enabled the borrower to execute its long-term financing plan. Ross Holland originated the loan. Read More »
North Carolina Skilled Nursing Portfolio Secures Financing
MONTICELLOAM announced the initial funding of $152 million in total bridge and working capital financing for the acquisition of nine skilled nursing facilities with nearly 1,100 beds across North Carolina. The debt carries a 36-month initial term with two extension options. The sponsor, a returning healthcare client with operating experience in the Southeast, will utilize a $10 million working capital line of credit to manage the daily operational needs of the facilities. Read More »
Regional Healthcare Operator Lands HUD Acquisition Financing
Helios Healthcare Advisors arranged acquisition financing for a 124-bed skilled nursing facility with a strong quality mix in Pasadena, Texas, on behalf of a regional healthcare operator that had been leasing the property from a third-party landlord. The financing package was $12.9 million, or $104,000 per bed. Leveraging the facility’s strong occupancy and financial strength, Helios structured a direct HUD acquisition loan through a national HUD lender. The capital structure also included a seller note, allowing the borrower to close the transaction with minimal cash investment. Pillar Stone Healthcare Company, based in Houston, Texas, acquired Baywood Crossing Rehabilitation &... Read More »Schedule a demo
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