Ziegler Places Two Bank Loans for Phorcys Capital Partners
Ziegler served as the capital structure advisor in the placement of two bank loans totaling $21.795 million on behalf of Phorcys Capital Partners. The first financing was used to acquire Superior Residences of Clermont, a not-for-profit assisted living/memory care community in Clermont, Florida that was held and operated through a court-appointed receivership. Built in 2002, the community has a total of 114 units (140 licensed beds), comprised of 74 assisted living and 40 memory care units. The acquisition closed in April 2025, with Ziegler placing the acquisition and capital expenditure loan with Stride Bank. SRI Management is the third-party manager of the community. The second financing... Read More »
Not-For-Profit Secures Refinancing
Ziegler announced the closing of a large bond financing on behalf of Sequoia Living, a California not-for-profit public benefit corporation that serves seniors throughout Northern California. Sequoia, originally known as Northern California Presbyterian Homes, and its related entities own four CCRCs and three affordable housing communities. The CCRCs, the revenues of which are pledged to the payment of the bonds, include The Sequoias Portola Valley, The Sequoias San Francisco, The Sequoias Tamalpais and Viamonte Senior Living. They contain 844 independent living units, 146 assisted living or memory care units, and 112 skilled nursing beds. The bonds totaled $151.555 million issued through... Read More »
Greystone Provides Two Acquisition Loans
Greystone provided two financings for the acquisition of a skilled nursing facility and a skilled nursing portfolio. First, the firm provided a $33.9 million bridge-to-HUD financing for the acquisition of a skilled nursing facility in Virginia with 210 units. The interest-only bridge financing carries a 24-month term, with two six-month extension options, and features a floating rate. The borrower also secured an interest rate cap to mitigate future rate volatility. The financing was originated by Christopher Clare, David Young, Ryan Harkins, Ben Rubin, Parker Nielsen and Liam Gallagher. Next, Greystone provided a $45.4 million bridge-to-HUD loan for the acquisition of four skilled... Read More »
West Virginia Community Secures Fannie Mae Financing
BWE provided a $37 million Fannie Mae financing for Harmony at Southridge, a seniors housing community in Charleston, West Virginia, that is operated by Harmony Senior Services. Ryan Stoll and Taylor Mokris originated the 10-year loan on behalf of the borrower, Smith-Packett, Wessex Capital. The loan features five years of interest-only payments and a fixed interest rate. Built in 2020, Harmony at Southridge features independent living, assisted living and memory care units. The borrower converted 12 independent living units to assisted living in late 2024. Read More »
Lument Secures Financing for Pennsylvania Seniors Housing Portfolio
Lument refinanced three Juniper Village seniors housing communities with a combined 254 units through three Freddie Mac loans totaling $27.3 million. Casey Moore and Miles Kingston led the transaction for Lument. The loans carry attractive fixed interest rates, 10-year terms with five years interest only, and 30-year amortization schedules. Located in Pennsylvania, the three communities are Juniper Village at Forest Hills (60 assisted living units and 12 memory care units), Juniper Village at Lebanon (40 independent living units and 81 AL units) and Juniper Village at Mount Joy (50 AL units and 11 MC units). Juniper operates a total of 27 communities in Colorado, New Jersey, Pennsylvania... Read More »Schedule a demo
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