Protea Capital Partners Finances Florida Development
JLL Capital Markets assisted a developer, Protea Capital Partners, in arranging $34.5 million in financing for the construction of HarborChase of Beachwalk, a 172-unit seniors housing community in St. John’s, Florida. Multiple bids were generated, and Protea was ultimately able to secure a five-year construction loan with a regional bank on favorable terms. JLL’s Capital Markets team representing the borrower was led by Olga Walsh, Aaron Rosenzweig and Dan Baker. Slated for completion in October 2027, HarborChase of Beachwalk will offer 82 independent living, 66 assisted living and 24 memory care units across multiple three- and four-story buildings. Floor plans will range from studios to... Read More »Colorado CCRC Expands with Bond Financing
Ziegler announced the closing of Frasier’s $44.14 million Series 2025A bonds through the Colorado Health Facilities Authority. Frasier Meadows Manor, Inc. (Frasier) is a Colorado not-for-profit founded in 1956 in Boulder. Frasier is the only CCRC in Boulder offering the full continuum of care and is also the oldest retirement community in Boulder. Today, the CCRC offers 303 independent living units, 19 assisted living units, 19 memory care units and a 54-bed skilled nursing facility. Frasier offers a “Type B” entrance fee contract to its independent living residents, offering a discounted rate to higher levels of care if needed. The community maintains a 742-household waiting... Read More »
Not-For-Profits Secure Bond Financings
Ziegler announced the successful pricing of $34.0 million Series 2025 bonds for The Chapel Hill Residential Retirement Center, Inc. d/b/a Carol Woods. Carol Woods is a North Carolina not-for-profit organization incorporated in July 1972 by a group of local citizens to develop, own and operate a CCRC in Chapel Hill, North Carolina. Currently, Carol Woods operates on 120-acres of wooded land with 315 independent living units, 89 assisted living beds and 30 skilled nursing beds. In addition, Carol Woods operates a CCRC without a lodging program known as Early Acceptance that currently serves approximately 180 members. Proceeds of the Series 2025 bonds will be used by Carol Woods to... Read More »
Skilled Nursing Portfolio Secures Funds
MONTICELLOAM, LLC announced that the firm, along with firm affiliates, funded $48.10 million in combined bridge and working capital funding for a three-facility skilled nursing portfolio in North Carolina. The transaction included a $45.6 million bridge financing and a $2.5 million working capital line of credit. The borrower, a returning client, will use loan proceeds to refinance a 300+ bed skilled nursing portfolio. Read More »
Autumn Lake Healthcare Acquires Maryland SNFs
First Citizens Bank’s Healthcare Finance business provided $338 million in financing to affiliates of Autumn Lake Healthcare for the acquisition of 12 Maryland skilled nursing facilities with over 1,500 beds. Based in Howell, New Jersey, Autumn Lake Healthcare’s portfolio includes 66 skilled nursing facilities totaling more than 8,200 beds in Connecticut, Maryland, New Jersey, Wisconsin and West Virginia. The Maryland Commission released a notice detailing the transfer of the real property and bed rights of the following 12 facilities: LG-OHI Frederick LLC, d/b/a Autumn Lake Healthcare at Ballenger Creek LG-OHI Clinton, LLC d/b/a Autumn Lake Healthcare at Bradford Oaks... Read More »Schedule a demo
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