NYC Skilled Nursing Facility Receives Working Capital Financing
MONTICELLOAM, LLC and firm affiliates provided $84 million in combined bridge and working capital financing to a skilled nursing facility in New York City. The 280-bed facility was owned by a returning MONTICELLOAM client with a portfolio of more than 20 healthcare properties. It is expanding its presence in the New York area. The transaction includes a $79 million bridge loan and a $5 million working capital line of credit, with a 30-month initial term. Read More »
CIBC Completes Several Financings
CIBC Bank USA announced a handful of senior care financings across multiple states. First, the company closed a $17.5 million cash-out refinancing for a regional operator’s portfolio of three skilled nursing facilities with 235 total beds in northeast and southeast Massachusetts, and southern New Hampshire. The facilities have an effective age of 20 years and reported an average occupancy rate of 88%. Financing was arranged by Matthew Tyler and Daniela Miranda. Separately, CIBC closed $40.5 million in acquisition financing for a regional operator’s purchase of two skilled nursing facilities totaling 248 beds in Pennsylvania that were 86% occupied. Financing was arranged by Dan Forrer and... Read More »
Berkadia’s Recent Financing Activity
In the past 30 days, Berkadia’s Jay Healy and Andrew Lanzaro have closed $111.5 million across four financings for four separate sponsors, encompassing eleven properties in six states. The activity included three bridge financings totaling $69.6 million from Berkadia’s proprietary balance sheet and a $41.9 million HUD refinance. The first transaction was a $9.1 million bridge-to-HUD loan for a repeat client based in El Segundo, California. Proceeds were used to retire senior debt and a portion of related-party acquisition financing in advance of a HUD refinance. The collateral is a 79-unit, 2006 vintage assisted living and memory care community in Nampa, Idaho, which the sponsor acquired... Read More »
VIUM Capital Secures Slew of HUD and Bridge Financings
VIUM Capital recently closed a series of healthcare and seniors housing real estate financings across multiple states, spanning both HUD-insured loans and bridge executions for skilled nursing, assisted living and memory care assets. The largest loan was a $56.4 million HUD financing for a 325-bed skilled nursing facility in Florida. The facility was approximately 93% occupied and had existing acquisition and capital improvement debt. With the refinance, ownership also wished to fund additional renovations aimed at enhancing resident areas and increasing Medicare mix. Then in Colorado, VIUM closed a $51.0 million HUD loan across a five-facility skilled nursing portfolio totaling 311 beds.... Read More »
Several Senior Care Finances Close
Jeremy Warren of Montgomery Intermediary Group reported an active end of winter, closing a handful of debt transactions for clients in Illinois and Kentucky. First, he helped the owner of a 77-bed skilled nursing facility in Kentucky refinance existing acquisition debt following a successful operational turnaround. Since acquiring the facility with a $6.3 million loan just 18 months prior in 2024, ownership has controlled expenses and benefitted from Kentucky’s boosted Medicaid rates. The building also holds a five-star rating from CMS. The borrower was able to obtain a $17 million bridge-to-HUD loan from a bank, nearly triple the debt amount from 2024. Next, Warren arranged a $12.3... Read More »Schedule a demo
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