Ikaria Capital Group Completes First HUD Transaction
Since launching in February, Ikaria Capital Group, whose team brings more than 100 years of collective experience in financing, structuring, underwriting, servicing, and asset-managing bridge and FHA/HUD loans, has already completed its first HUD transaction. The $16.5 million closing was executed on behalf of a private investment firm. The borrower, an existing client, had previously acquired a skilled nursing facility in California in 2023. The HUD takeout enabled the borrower to execute its long-term financing plan. Ross Holland originated the loan. Read More »
North Carolina Skilled Nursing Portfolio Secures Financing
MONTICELLOAM announced the initial funding of $152 million in total bridge and working capital financing for the acquisition of nine skilled nursing facilities with nearly 1,100 beds across North Carolina. The debt carries a 36-month initial term with two extension options. The sponsor, a returning healthcare client with operating experience in the Southeast, will utilize a $10 million working capital line of credit to manage the daily operational needs of the facilities. Read More »
Regional Healthcare Operator Lands HUD Acquisition Financing
Helios Healthcare Advisors arranged acquisition financing for a 124-bed skilled nursing facility with a strong quality mix in Pasadena, Texas, on behalf of a regional healthcare operator that had been leasing the property from a third-party landlord. The financing package was $12.9 million, or $104,000 per bed. Leveraging the facility’s strong occupancy and financial strength, Helios structured a direct HUD acquisition loan through a national HUD lender. The capital structure also included a seller note, allowing the borrower to close the transaction with minimal cash investment. Pillar Stone Healthcare Company, based in Houston, Texas, acquired Baywood Crossing Rehabilitation &... Read More »
WesBanco Launches New Healthcare Vertical
WesBanco Bank recently launched its dedicated healthcare vertical, under the leadership of Suzanne Myers as EVP-Commercial Healthcare Director, and is already off to the races with a handful of senior care transactions closed. The strategic initiative will provide financing across the continuum of care, including seniors housing, skilled nursing, CCRCs, hospitals and specialty care. So far this year, the bank has closed over $200 million in closed loans for acquisitions, recapitalizations, working capital and bridge-to-HUD loans for clients across the Midwest and Mid-Atlantic. Plus, there is a pipeline of closings that exceeds $500 million for 2025. It is great to see that kind of... Read More »
Frank Cassidy Officially Nominated as FHA Commissioner
Frank Cassidy, most recently a Walker & Dunlop senior managing director of Federal Housing Administration (FHA) Finance where he originated loans for multifamily, nursing home and seniors housing properties, has been officially nominated by President Trump as Assistant Secretary of Housing and Federal Housing Commissioner at the HUD. He oversees FHA’s approximately $1.75 trillion single family, multifamily and healthcare mortgage insurance programs, HUD’s multifamily assisted housing portfolio, the administration of HUD’s housing counseling program, and the development and oversight of federal standards for the design and construction of manufactured homes. Since April 2025, Cassidy... Read More »Schedule a demo
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