Lender Provides Refinance Through HUD’s Express Lane
Another HUD Express Lane transaction has closed, with Cambridge Realty Capital providing a $4.3 million HUD 223(f) loan to refinance Elizabeth Care Center, a 36-bed skilled nursing facility in Elizabeth, West Virginia. Cambridge was able to facilitate the loan and receive its firm commitment just 18 days after submission. The borrower was not disclosed, but in January 2025, Coplin Health Systems announced that it sold Elizabeth Care Center to the in-place operator, Providence Health Group. Providence had operated the facility for the previous four years. Read More »
Regional Bank Provides Refinancing
Grace Hill Capital served as exclusive financial advisor and placement agent on a refinance for a seniors housing community in Fountain Inn, South Carolina. A regional operator/borrower received the $10.33 million five-year loan with a fixed rate and one year of interest only. It was structured as a delayed draw term facility at 70% loan-to-value, including a $2.2 million earnout supporting the community’s recent assisted living expansion. A regional bank provided the loan. Read More »
Walker & Dunlop Arranges Construction Funding
Walker & Dunlop, Inc. arranged $40.52 million in debt and equity for the construction of The Highlands, a 137-unit affordable development for seniors in Hyattsville, Maryland. PJ McDevitt, managing director of W&D Affordable Debt, arranged the debt, and Macy Kisilinsky, senior managing director of W&D Affordable Equity, arranged the debt placement and equity syndication for the project. The terms were arranged on behalf of Community Housing Initiative, Inc., which is partnering with First Baptist Church of Highland Park (FBCHP) to build the affordable seniors housing project. The Highlands will be financed with an unfunded forward Freddie Mac TEL, including a taxable tail,... Read More »
Class-A Communities Secure Bridge Financing
BWE arranged a $52 million bridge loan for a portfolio of Class-A independent living, assisted living and memory care communities located across the Atlanta, Georgia, and Philadelphia, Pennsylvania, metropolitan areas. Ryan Stoll, National Director of Seniors Housing and Care at BWE, and Taylor Mokris, Senior Vice President of Seniors Housing and Care, arranged the financing. The three-year loan features a strong floating rate, flexible prepayment structure and competitive terms. Read More »Greystone Closes Large CLO
Greystone closed a large collateralized loan obligation (CLO) composed solely of healthcare assets. Greystone CRE Notes 2025-HC4, LLC is a $451.6 million commercial real estate CLO backed exclusively by bridge loans provided by Greystone. The transaction marks the firm’s eighth overall CRE CLO and the industry’s fourth-ever CRE CLO composed solely of healthcare assets. The first three were closed by Greystone in 2018, 2021 and 2024. The collateral pool for Greystone CRE Notes 2025-HC4 comprises 12 whole loans and seven loan participations secured by 46 properties in 13 states. Those properties include skilled nursing, assisted living, memory care and independent living assets. Skilled... Read More »Schedule a demo
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