Pennsylvania SNFs Secure Bridge and Working Capital Financing
A few skilled nursing facilities in Pennsylvania secured bridge and working capital financing. MONTICELLOAM provided the $80 million financing, which includes up to a $75 million bridge loan and a $5 million working capital line of credit, with a 36-month initial term plus two six-month extensions. The loan proceeds will be used by the borrower, a Northeast-based SNF owner/operator with over 20 years of experience, to acquire the four facilities, fund the interest reserve and complete renovations at the assets, which comprise more than 520 licensed beds. Read More »
Idaho IL/AL Community Receives HUD Financing
Berkadia secured $27.5 million in financing for a seniors housing community in Idaho. The asset comprises 191 independent living and assisted living units, and was 97% occupied at the time of closing. Bianca Andujo and Steve Muth closed the financing through HUD’s 232/223(f) program for a first-time Berkadia client based in Tennessee. The loan features a 35-year, fixed-rate term, and refinanced a bridge loan provided by Berkadia’s proprietary lending group and a bank partner. The bridge loan, which was outstanding for less than a year, provided financing for the subject community, plus an additional one that is expected to receive permanent HUD financing in... Read More »
T7 Capital Hits the Ground Running
Founded by industry veterans Ari Adlerstein and Josh Simpson in 2025, T7 Capital has hit the ground running, announcing more than $3 billion in closed transactions in their first year. And the team continued at that same pace into 2026, closing more than $200 million of transaction volume in January. T7 Capital, which advises clients on financing and investment decisions across seniors housing, healthcare real estate and operating platforms, had a variety of closings throughout the month, from investment sales to financings. Adlerstein and Simpson led the sale of five skilled nursing facilities in Rhode Island for $70.5 million, or $93,400 per bed. The pair also arranged $54.9 million in... Read More »
Freddie Mac Provides Financing for NY Seniors Housing Campus
A large seniors housing campus in upstate New York secured permanent Freddie Mac financing thanks to the team of Tyler Armstrong, Chris Cain and Taylor Russ of Lument. Located in Rochester, The Village at Unity consists of 272 independent living units and The Village at Hamlet features 40 assisted living units and 20 memory care units. The property was originally built in 1990 with renovations in 2000, 2012 and 2022. Rochester-based real estate investment firm Wegman Companies acquired the communities in 2018 through a partnership with Columbia Pacific Advisors and in a strategic alignment with Rochester Regional Health. Leisure Care took over management of the campus. Lument... Read More »
