• 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... Read More »
  • Fortress Investment Group Divests Arizona Asset

    JLL Capital Markets has closed the sale of Inspira Arrowhead, a 165-unit seniors housing community in Glendale, Arizona. The community was under the ownership of Fortress Investment Group funds for just 18 months, but in that time occupancy rose from 89% to 94% and NOI improved by 35%. Fortress bought the asset in April 2024 in a joint venture... Read More »
  • Stacked Stone Makes Another Acquisition

    Stacked Stone Ventures, a real estate investment firm founded by Kent Eikanas, followed up on its October acquisition in Oklahoma with the purchase of two assisted living/memory care communities in Illinois, near the St. Louis MSA. Similar to the Oklahoma deal, Stacked Stone has made Illinois acquisition in a joint venture with the private equity... Read More »
  • Blueprint Handles Large SNF Deal in Pennsylvania

    Not-for-profit to for-profit are not easy, and it took a two-year process for Blueprint to successfully close the sale of a 250-bed skilled nursing facility in Philadelphia, Pennsylvania. The property appears to be Cheltenham Nursing & Rehabilitation, one of three skilled nursing facilities owned by Dublin, Ohio-American Health Foundation... Read More »
  • JDI Realty Buys Alpharetta Asset

    A partnership recently acquired Chapters Living of Alpharetta, a 79-unit assisted living/memory care community in Alpharetta, Georgia (Atlanta, MSA). Built in 2013, the high-quality community was previously known as Addington Place of Alpharetta. JDI Realty, in partnership with Purity Strategies and Chapters Senior Living, bought the community... Read More »
HUD Announces Loan Sale

HUD Announces Loan Sale

The U.S. Department of Housing and Urban Development (HUD) has announced Healthcare Loan Sale 2026-1 (HLS 2026-1). On October 22, 2025, HUD will offer eight (8) Secretary-held, non-performing commercial mortgage loans for sale. The portfolio consists of Section 232 vacant healthcare loans with a combined unpaid principal balance of approximately $58 million. Each loan is secured by a first-lien mortgage on healthcare facilities located across Connecticut, Illinois, Maine, Missouri and Minnesota. HUD reserves the right to add or remove loans from the sale at its discretion. For further details regarding the healthcare loans offered in the HLS 2026-1 auction, please visit... Read More »
Senior Care Portfolio Secures Bridge Loan

Senior Care Portfolio Secures Bridge Loan

Capital Funding Group closed a $121.5 million bridge loan. The deal supports the refinancing of twelve skilled nursing and assisted living properties, with ten in Texas and two in Maryland, featuring a total of 1,625 beds. Tim Eberhardt, Craig Casagrande and Catherine Mansel originated the transaction, which closed in September. This follows CFG’s announcement that highlighted the closing of six deals for over $86 million in financing on behalf of nationally recognized borrowers. The deals supported financing for two memory care communities, four skilled nursing facilities and one psychiatric hospital throughout Missouri, California, Tennessee, Texas and Virginia. CFG closed the... Read More »
Bridge-to-HUD Loan Facilitates Grace Manor’s Financing Transition

Bridge-to-HUD Loan Facilitates Grace Manor’s Financing Transition

Sims Mortgage Funding (SMF) took out a bridge-to-HUD financing for Grace Manor at North Park at the end of August. The bridge component was a unitranche loan originally issued in February 2020 by Lakeland Bank and an affiliate of SMF’s parent company, HJ Sims, which the borrower used to purchase a 52-bed assisted living and memory care community in Allison Park, Pennsylvania. The new $9.63 million HUD-insured loan has a 35-year amortization and represents 78.3% of the asset’s value, underwritten at a 1.46x debt service coverage ratio. The loan, insured under the Section 232/223(f) program, covered 100% of the cost of refinancing, including capital reserves, repairs, deferred interest, HUD... Read More »
HUD Announces Loan Sale

Seniors Community Secures Freddie Mac Loan

BWE closed a $35.3 million permanent loan for a seniors housing community in Fairfield, Connecticut. Taylor Mokris, Senior Vice President of Seniors Housing and Care at BWE, and Ryan Stoll, National Director of Seniors Housing and Care, led the financing. The 10-year, fixed-rate loan was provided through Freddie Mac on behalf of the borrower, one of the top institutional owners of seniors housing in the country. A 2023 transaction in LevinPro LTC’s M&A database shows Ventas as the buyer, for a price of $26.5 million, or $267,700 per unit. The loan featured full-term interest only and an extremely competitive interest rate. By moving quickly through underwriting and locking the index at... Read More »
CFG’s Senior Care Financing Activity

CFG’s Senior Care Financing Activity

Capital Funding Group financed more than $86 million across six transactions from early to mid-August. The transactions supported two memory care communities, four skilled nursing facilities, and one psychiatric hospital in Missouri, California, Tennessee, Texas and Virginia on behalf of nationally recognized borrowers, one of which is a returning client. First, CFG provided a $33.1 million senior loan for the refinancing of two memory care communities in Missouri and California, featuring 122 beds. Last year, CFG provided a mezzanine loan for the borrower to acquire the properties. Ken Assiran and Jake Walsh originated the deal. Next, the company provided a $10.9 million HUD loan for the... Read More »
Full Continuum Community Obtains Refinancing

Full Continuum Community Obtains Refinancing

CBRE National Senior Housing refinanced The Pointe at Meridian, a 100-unit seniors housing community in Meridian, Idaho. Built in 2022, The Pointe at Meridian was built in 2022 and consists of 60 independent living units, including 14 townhome units, 30 assisted living units and 10 memory care units. Grace Management took over management of the property in July 2024 on behalf of the owner, Gold Stream Retirement Communities LLC, a Utah-based real estate firm that specializes in the development, construction and management of commercial real estate, including single-family, multifamily and seniors housing properties. To refinance the community, Aron Will and Tim Root of CBRE National Senior... Read More »