Helios Healthcare Advisors Arranges HUD Refinance
Helios Healthcare Advisors arranged a $10.71 million HUD refinance for a 76-unit assisted living and memory care portfolio located in San Antonio, Texas. The communities historically performed at stabilized levels. Before completing the HUD refinance, Helios arranged an 18-month bridge loan to recapitalize the communities on behalf of a regional owner/operator with 12 locations and more than 700 units across Texas. The refinance marked the final step in a two-year strategy to arrange the capital structure and secure permanent, non-recourse fixed-rate debt. Read More »
Independent Living Community Gets Refinance from Fannie Mae
Aron Will, Vice Chairman of CBRE National Senior Housing, Kevin Randles, Senior Vice President of CBRE, and Adam Mincberg, Senior Vice President of CBRE National Senior Housing, successfully arranged the refinancing of Winding Commons Senior Living. CBRE facilitated a new loan for the community through its Fannie Mae DUS Lending Platform on behalf of long-term client, Ray Stone, Inc. This refinancing enabled the sponsor to secure long-term, 10-year fixed-rate debt with the incumbent lender, and marks CBRE’s second successful financing of the community. Originally built in 2003 and featuring 100 independent living units, the community is situated on a 5.10-acre site in Carmichael,... Read More »
Not-For-Profit Secures Funding for CCRC Expansion
Ziegler announced the closing of the PRS Pacific Northwest Obligated Group Series 2025AB bonds issued through the Oregon Facilities Authority. PRS is a repeat sponsor. The proceeds of the bonds, together with other available funds, will be used to fund the construction of the Cascade Manor Project, a 29-unit independent living expansion, fund a portion of interest during construction, and fund certain costs of issuing the bonds. The bonds are secured by a pledge of gross revenues and real estate of the four Obligated Group communities in Oregon and Washington. Cascade Manor, Inc. is a not-for-profit corporation operating the CCRC in Eugene, Oregon. Since becoming an affiliate of PRS in... Read More »
QualisTerra Senior Ventures Secures Acquisition Loan for Strong-Performing Community
Alec Blanc of Monarch Advisors closed a new loan for the acquisition of a 42-unit assisted living community in Gaylord, Michigan. Built in two phases in 2019 and 2020, the community was a strong performer, with full occupancy and a healthy margin. The borrower, QualisTerra Senior Ventures, a private seniors housing investment group, engaged Monarch to source senior debt for the transaction. Monarch was successful at securing a three-year non-recourse acquisition term loan commitment from a debt fund lender. The leverage fell between 70% and 75%. Read More »
Developer/Investor Recapitalizes its First Seniors Deal
A former office-to-senior-care conversion project in New Jersey just received a recapitalization and revolver, courtesy of Metropolitan Bank and G Capital. Grant Goodman of G Capital arranged the loan on behalf of an experienced developer/investor with a 30+ year track record and a diversified investment portfolio. The borrower has deep expertise in the hospital sector, but this was its first senior care deal. It had partnered with a veteran SNF operator to convert the asset into a modern senior care facility inspired by the Green House model, investing significant equity in the project. Featuring both skilled nursing and assisted living services, it re-opened in March 2020. That was... Read More »Schedule a demo
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