HUD Announces Loan Sale
The U.S. Department of Housing and Urban Development (HUD) has announced Healthcare Loan Sale 2026-1 (HLS 2026-1). On October 22, 2025, HUD will offer eight (8) Secretary-held, non-performing commercial mortgage loans for sale. The portfolio consists of Section 232 vacant healthcare loans with a combined unpaid principal balance of approximately $58 million. Each loan is secured by a first-lien mortgage on healthcare facilities located across Connecticut, Illinois, Maine, Missouri and Minnesota. HUD reserves the right to add or remove loans from the sale at its discretion. For further details regarding the healthcare loans offered in the HLS 2026-1 auction, please visit... Read More »
Senior Care Portfolio Secures Bridge Loan
Capital Funding Group closed a $121.5 million bridge loan. The deal supports the refinancing of twelve skilled nursing and assisted living properties, with ten in Texas and two in Maryland, featuring a total of 1,625 beds. Tim Eberhardt, Craig Casagrande and Catherine Mansel originated the transaction, which closed in September. This follows CFG’s announcement that highlighted the closing of six deals for over $86 million in financing on behalf of nationally recognized borrowers. The deals supported financing for two memory care communities, four skilled nursing facilities and one psychiatric hospital throughout Missouri, California, Tennessee, Texas and Virginia. CFG closed the... Read More »
Bridge-to-HUD Loan Facilitates Grace Manor’s Financing Transition
Sims Mortgage Funding (SMF) took out a bridge-to-HUD financing for Grace Manor at North Park at the end of August. The bridge component was a unitranche loan originally issued in February 2020 by Lakeland Bank and an affiliate of SMF’s parent company, HJ Sims, which the borrower used to purchase a 52-bed assisted living and memory care community in Allison Park, Pennsylvania. The new $9.63 million HUD-insured loan has a 35-year amortization and represents 78.3% of the asset’s value, underwritten at a 1.46x debt service coverage ratio. The loan, insured under the Section 232/223(f) program, covered 100% of the cost of refinancing, including capital reserves, repairs, deferred interest, HUD... Read More »
Seniors Community Secures Freddie Mac Loan
BWE closed a $35.3 million permanent loan for a seniors housing community in Fairfield, Connecticut. Taylor Mokris, Senior Vice President of Seniors Housing and Care at BWE, and Ryan Stoll, National Director of Seniors Housing and Care, led the financing. The 10-year, fixed-rate loan was provided through Freddie Mac on behalf of the borrower, one of the top institutional owners of seniors housing in the country. A 2023 transaction in LevinPro LTC’s M&A database shows Ventas as the buyer, for a price of $26.5 million, or $267,700 per unit. The loan featured full-term interest only and an extremely competitive interest rate. By moving quickly through underwriting and locking the index at... Read More »
CFG’s Senior Care Financing Activity
Capital Funding Group financed more than $86 million across six transactions from early to mid-August. The transactions supported two memory care communities, four skilled nursing facilities, and one psychiatric hospital in Missouri, California, Tennessee, Texas and Virginia on behalf of nationally recognized borrowers, one of which is a returning client. First, CFG provided a $33.1 million senior loan for the refinancing of two memory care communities in Missouri and California, featuring 122 beds. Last year, CFG provided a mezzanine loan for the borrower to acquire the properties. Ken Assiran and Jake Walsh originated the deal. Next, the company provided a $10.9 million HUD loan for the... Read More »Schedule a demo
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