Brookdale Boosts Short Term Stability
Brookdale Senior Living completed a series of financing transactions totaling approximately $600 million that refinanced all of its remaining 2026 mortgage debt and maturities, around $350 million, and a portion of 2027 mortgage debt maturities, approximately $200 million. The company also secured more fixed-rate debt, helping to cut rate risk. Even with some variable-rate debt, the overall blended rate has not changed much, with yearly interest expense staying roughly the same. This is beneficial for balance sheet stability, even if it didn’t actually reduce total debt or annual net interest expense, and some refinancing risk just got pushed to 2027. A smart move for near-term... Read More »Ikaria Announces $1 Billion in Q4 Volume
Ikaria Capital Group closed out a successful 2025, announcing several significant transactions in the fourth quarter that exceeded $1 billion in volume. The activity comprises financings in the seniors housing, skilled nursing and behavioral health sectors across multiple states and borrowers. The largest deal was a $595.5 million senior secured credit facility structured on behalf of a private owner of 18 SNFs with 1,794 total beds in West Virginia. The facility included $491.5 million in bank financing led by Ally Corporate Finance’s Healthcare Capital team and $104 million in subordinate debt provided by CareTrust REIT, an existing institutional capital partner of Ikaria’s. It... Read More »Ziegler Closes Two Separate Financings
Ziegler announced the closing of two separate financings. First, Ziegler closed the Series 2025 bond anticipation notes for the benefit of The Sanctuary at Village On The Isle LLC. The Florida not-for-profit borrower was formed in 2025 to develop, own and operate a seniors housing community to be located on approximately 50 acres in unincorporated Sarasota County, Florida. The sole member of the borrower is Southwest Florida Retirement Center, Inc., doing business as Village On The Isle. VOTI owns and operates a CCRC in Venice, Florida, which opened in 1982 and currently consists of 234 independent living units, 48 assisted living units, 16 memory care units and 64 licensed skilled... Read More »Another Record Year for VIUM
VIUM Capital keeps raising the bar in transaction volume, announcing another record-setting year in 2025, closing 96 transactions totaling over $2 billion in par value, representing the largest total of financings closed in the firm’s nearly six-year history. Most of that volume came from bridge loans originated by VIUM through its joint venture partner Merchants Bank of Indiana, including both direct bank balance sheet executions and loans originated through VIUM’s healthcare debt fund. There were 35 separate loans totaling $1.1 billion. On the HUD side, VIUM closed 61 LEAN transactions totaling $948.2 million, earning it the second spot in the LEAN rankings for number of loans... Read More »
Sonida Finances CNL Merger
Sonida Senior Living announced that it has secured $900 million of committed permanent debt financing, inclusive of a $350 million accordion feature that provides for total potential capacity of up to $1.25 billion, to support the previously announced definitive merger agreement with CNL Healthcare Properties. The financing replaces the existing 364-day $900 million bridge facility provided by RBC Capital Markets and BMO Capital Markets, refinances CHP’s corporate credit facilities, and supersedes Sonida’s existing revolving credit facility at transaction close. Sonida entered into a new and upsized $375 million four-year secured revolving... Read More »Schedule a demo
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