![BWE Secures Refinance for Virginia IL/AL/MC Community](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/02/bigstock-Virginia-is-for-Lovers-state-m-101935370-e1518551230446.jpg)
![BWE Secures Refinance for Virginia IL/AL/MC Community](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/02/bigstock-Virginia-is-for-Lovers-state-m-101935370-e1518551230446.jpg)
![Pace Secures Financing for Minnesota CCRC](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2022/01/refinance.jpeg)
Pace Secures Financing for Minnesota CCRC
Pace Loan Group closed a $7.1 million PACE loan on a 134-unit new construction, market-rate senior living community in St. Francis, Minnesota. The 20-year loan complements a $30 million qualified tax-exempt loan on the project using Series 2023A bonds with Sunrise Bank as the senior lender. The project team also included Pope Architects and Bauer Design Build. Vista Prairie at Eagle Point comprises 59 independent living, 43 assisted living and 24 memory care units as well as eight skilled nursing beds. Construction began in June and is expected to be completed by 2025, with a total project cost of $46.58 million, or approximately $350,000 per unit. Vista Prairie Communities, which... Read More »![Ziegler Closes Acquisition Financing for CCRC Group](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2022/01/old-people-elderly-beach.jpeg)
Ziegler Closes Acquisition Financing for CCRC Group
Ziegler announced the closing of New Jersey-based FellowshipLIFE’s Series 2024 bonds and taxable term loan in an aggregate par amount of $42.5 million for the Senior Living Finance Practice. FellowshipLIFE, a not-for-profit provider of seniors housing, has an obligated group (subject of this financing) that currently consists of only Fellowship Village and is rated “BBB-” by Fitch Ratings. In connection with this financing, the obligated group will purchase a CCRC in Freehold, New Jersey, and bring it into the obligated group, which will result in no change to the current rating. Before the acquisition, the obligated group only included the Fellowship Village CCRC in Basking Ridge, New... Read More »![CBRE Secures Bridge Financing for CPF](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2019/09/bigstock-Home-Loan-Mortgages-Debt-Sa-259776373.jpg)
CBRE Secures Bridge Financing for CPF
CBRE secured bridge financing for four seniors housing communities on behalf of CPF Living Communities, which has 51 communities under ownership, totaling 6,537 units across 18 states. The communities are currently managed by Grace Management, CPF’s wholly owned management affiliate. Aron Will and Tim Root secured a large loan through a national bank. The four communities are Acacia Springs (Las Vegas, Nevada MSA), Camellia at Deerwood (Jacksonville, Florida MSA), Northgate Park (Cincinnati, Ohio MSA) and Sedgwick Plaza (Wichita, Kansas MSA). The portfolio totals 329 independent living units, 281 assisted living units and 16 memory care units. Read More »![Meridian Capital Group Closes Out Strong Q2](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2022/02/business-update-1080x675.jpeg)
Meridian Capital Group Closes Out Strong Q2
Meridian Capital Group’s Senior Housing and Healthcare Platform, led by Ari Adlerstein and Josh Simpson, closed over $850 million in transaction volume in the second quarter of 2024 across 26 transactions, following $525 million closed in the first quarter of the year across a mix of investment sales and financings. In their most recent transactions, the platform successfully sold four skilled nursing facilities comprising 800 beds in Massachusetts and Connecticut for $60.6 million, or $75,750 per bed. They also sold two skilled nursing facilities in Tennessee with 276 beds for $28 million, or $101,450 per bed, also arranging $22.4 million in financing from a REIT for the acquisition.... Read More »![CIBC Finances Wisconsin SNF Portfolio Deal](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2017/12/bigstock-US-state-flag-of-Wisconsin-wav-106260473.jpg)