Dwight Capital Announces Q1 Activity
Dwight Capital, its affiliate REIT, Dwight Mortgage Trust (DMT), and Dwight Healthcare Funding (DHF) reported an active first quarter, closing a combined $294 million in senior care financings across a mix of HUD, bridge, and revolving line of credit (RLOC) financings, spanning 11 states. Among the featured HUD transactions was $46.9 million in financing provided by Dwight Capital for a portfolio of three skilled nursing facilities totaling 278 beds in Fort Pierce, Wauchula and Winter Haven, Florida. The loan proceeds refinanced existing debt provided by DMT. Adam Offman, Managing Director of Healthcare Finance, originated the transaction. Additional closings included a $22.5 million loan... Read More »
Alta Senior Living Secures Refinance
At the end of 2021, Alta Senior Living acquired Tequesta Terrace Senior Living (at that time, Village of Tequesta, Tequesta Terrace), a 106-unit assisted living/memory care community in Palm Beach County, Florida. After executing its value-add capex, operational turnaround and lease-up plan, Alta engaged Blueprint to run a full debt process. A lender able to offer a non-recourse, bridge-to-HUD financing was selected. Kristen Ahrens, Ben Firestone and Pat Maloney handled the financing. Ben Firestone, Lauren Nagle and Michael Segal of Blueprint handled the sale of the community back in 2021, representing Terrace Communities Tequesta LLC, a New England-based owner/operator. Thorofare Capital... Read More »
Underperforming Community Sells and Secures Financing
A buyer recently acquired an underperforming seniors housing community in Charleston, South Carolina, and Blueprint Capital Markets secured the debt financing. Blueprint also represented the undisclosed seller in its divestment. The asset comprises 84 units of assisted living and memory care. There is room for occupancy growth and expense cuts, which will help drive operational performance. Kristen Ahrens and Pat Maloney arranged the financing, targeting private credit lenders for their structural flexibility and certainty of execution. Read More »
Standalone MC Communities Secure Acquisition Financing
Berkadia recently announced three financings on behalf of three different sponsors. In one of the closings, Steve Muth and Ed Williams arranged $25.8 million in acquisition financing for Peregrine Senior Living at Clifton Park and Peregrine Senior Living at Orchard Park. The bridge financing was provided through Berkadia’s Proprietary Lending Group on behalf of KCB Real Estate Management and Tunbridge Peak. The loans feature a 24-month interest-only term with one 12-month extension option, and Berkadia expects to submit the properties to HUD in the coming weeks, with a targeted HUD takeout in the fourth quarter. Jacob Gehl, Dillon Rudy, Connor Doherty and Ryan Kelly of Blueprint... Read More »
Class-A Seniors Housing Community Receives Agency Financing
BWE closed $77 million in fixed-rate, Fannie Mae financing for a Class-A seniors housing community in a major Midwest MSA. The 10-year loan features a full term of interest-only payments. Ryan Stoll and Taylor Mokris led the financing. The community offers a full continuum of care, including independent living, assisted living and memory care. Positioned as a high-quality, purpose-built asset, the community features intergenerational programming and high-end amenities and finishes. Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
