Assisted Living Portfolio Secures Refinance
Berkadia announced the refinancing of a nine-property assisted living portfolio spanning Ohio and Pennsylvania. Steve Muth, Garrett Sacco, Austin Sacco and Alec Rosenfeld arranged the $114.37 million financing through Bloomfield Capital Partners, LLC on behalf of the borrower, a joint venture with an experienced owner and New Perspective Senior Living, LLC. The two-year, interest-only bridge loan closed in less than 30 days from signed application. Proceeds are being used to refinance maturing debt and position the portfolio for its next phase of the business plan. Acquired by the joint venture in 2022, the 580-unit portfolio is in the Cleveland, Ohio MSA, and in multiple markets... Read More »
Skilled Nursing Owner/Operator Secures Its First HUD Financing
In a transaction that marks the third time Berkadia has secured financing for the asset, the company arranged a $35.4 million HUD financing for a 189-bed skilled nursing facility in Lafayette Parish, Louisiana. The asset was developed in three phases between 1996 and 2007. It has been owned by a Louisiana-based owner/operator of skilled nursing facilities since 2021, when it purchased the property from a REIT. Berkadia providing acquisition financing at that time, which was later refinanced with a debt fund in 2024, also retiring a portion of related-party debt created in conjunction with the acquisition. The 2026 HUD loan features a 35-year fully amortizing term and refinanced the... Read More »
Senior Care Portfolio Receives Financing
MONTICELLOAM provided financing to three seniors housing communities in Illinois. Originated by Karina Davydov, the package includes up to $44 million in bridge financing with a 36-month term. The portfolio offers independent living, assisted living, memory care and skilled nursing services. The sponsor, a Midwest-based senior living operator that manages more than 40 senior living properties, used loan proceeds to refinance the existing debt on the 420-unit portfolio. Read More »
Investor Secures Financing and Acquires Class-A Community
BWE’s Seniors Housing Capital Markets Team sold and financed The Capstone at Station Camp, which sits in the Nashville, Tennessee MSA. Built in 2021, the Class-A assisted living and memory care community comprises 100 units in Gallatin. It is operated by TerraBella Senior Living. BWE represented the seller, Hunt Midwest. The buyer was a Texas-based healthcare investor, and BWE arranged non-recourse acquisition financing for them through a regional bank. The financing includes a significant potential future earnout. Charley Bissell, Ryan Stoll and Taylor Mokris led the deal, which was structured with a contingency for the procurement of acquisition financing meeting specific leverage,... Read More »
Regional Operator Enters Kansas with CCRC Acquisition
A CCRC in Kansas recently sold to a growing regional operator. This transaction marks its entrance into the Kansas market. Evans Senior Investments handled the deal, identifying specific reimbursement and occupancy opportunities that an incoming operator could leverage to improve profitability. The process was competitive, and the undisclosed buyer ultimately paid $32 million, or $148,000 per bed/unit, to purchase the campus. T7 Capital previously announced that it arranged $27.2 million in financing from a commercial bank and mezzanine lender, plus a $1.5 million A/R line, for the acquisition of an asset with 74 independent living, 63 assisted living and 80 skilled nursing beds in... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
