Greystone Provides a Rhode Island SNF Portfolio with Financing
Greystone provided $29.9 million in bridge financing for the acquisition of a portfolio of six skilled nursing facilities in Rhode Island. The bridge financing was originated by Ryan Harkins and Christopher Clare, both Managing Directors at Greystone. The skilled nursing facilities include Bayberry Commons (120 beds in Pascoag), Eastgate Nursing & Rehabilitation Center (76 beds in East Providence), South Kingstone Nursing & Rehab Center (112 beds in West Kingston), West Shore Health Center (149 beds in Warwick), Village House Nursing & Rehabilitation Center (95 beds in Newport) and Elmwood Nursing & Rehabilitation Center (70 beds in Providence). Read More »
Roers Companies Secures Financing
JLL Capital Markets secured a $42.9 million bridge loan refinancing to take out the construction loan for a seniors housing community in St. Louis Park, Minnesota. Scott Loving, Scott Streiff, Gary Marchiori and William Hintz of JLL worked on behalf of the borrower, Roers Companies, in arranging the 2.5-year, floating-rate refinance. Built in 2023, Risor of St. Louis Park comprises 170 units across six stories. Of the 170 units, 18 are affordable seniors housing units, while the remainder are active adult units. The unit mix consists of studios, one-, two- and three-bedroom layouts. The community is situated in one of the most affluent suburbs in the metro, with an average household income... Read More »
Staten Island SNF Secures Financing
MONTICELLOAM announced the financing of a $25 million mezzanine loan for a skilled nursing facility in Staten Island, New York. The sponsorship group, a longstanding MONTICELLOAM client, has an existing footprint with a portfolio spanning the East Coast. The loan proceeds will be used to recapitalize the existing equity in the 300-bed facility. Read More »
Brookdale Closes Two Portfolio Acquisitions
Brookdale Senior Living announced the closing of two portfolio acquisitions, completing the three-portfolio, 41-property acquisition plan initially announced in September 2024. Through ownership of these communities, including the 11-property portfolio acquisition completed in December 2024, Brookdale is coming closer to its year-end goal of owning more than 75% of its consolidated unit count. In one deal, Brookdale acquired five communities (686 units) previously leased from Welltower for $175 million, or $255,100 per unit. Averaging around 25 years in age, the communities are primarily located in affluent or very affluent markets and together comprise 270 independent living units, 170... Read More »
Oxford Finance Closes Major Credit Facility
Oxford Finance closed a $256.85 million senior credit facility for a client in California. Proceeds were primarily used to refinance four skilled nursing facilities featuring 356 total beds and acquire thirteen skilled nursing facilities with 1,451 total beds across the state. The acquired portfolio featured facilities built from the late 1960s to the late 1970s, with occupancy in the low- to mid-90s. They were previously owned by a third-party real estate owner and an owner/operator that was retiring. A regional owner/operator was the buyer and had a strong existing relationship with Oxford. The transaction closed just 20 days after term sheets were signed. Read More »Schedule a demo
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