IRA Capital Secures Financing
BMO’s Healthcare Real Estate Finance group announced that it closed on a $58 million term loan with IRA Capital related to a 252-unit seniors housing community in Lynnwood, Washington. The property consists of independent living, assisted living and memory care units. Living Care Lifestyle manages the asset. According to LevinPro LTC, IRA and an institutional partner (with substantial dry powder) acquired Quail Park of Lynnwood in June 2024 from a joint venture. The joint venture seller included CA Senior Living, Goldman Sachs and Life Care Lifestyles. At the time, the buyer noted that it intended on investing additional capital to update common areas and amenities. JLL Capital Markets... Read More »
Senior Living Operator Secures Financing
SLR Healthcare ABL provided an $8 million asset-based revolving credit facility to a Midwest based senior living operator. The operator manages more than 30 skilled nursing facilities across multiple states. Proceeds of the credit facility were used to refinance existing debt and provide additional liquidity for operations. The transaction was referred to SLRHC by an existing client. Read More »
Tremper Capital Group Secures Competitive Bank Loan
One of the takeaways from the NIC Spring Conference earlier this month was that more lenders seemed willing to jump back into the market, possibly offering more competitive terms to get deals, as well. Tremper Capital Group has seen that first hand with one of its latest financings. The borrower was Focus Healthcare Partners, looking to finance its acquisition of Cedarhurst of Woodland Hills in Tulsa, Oklahoma. Originally built in 2016 as an active adult community by Avenida Partners and Carlyle Group, Woodland Hills features 140 independent living units and has been rebranded as The Cedars at Woodland Hills, with 12 Oaks brought in to manage it. Occupancy was in the low-90s, and it... Read More »
California Investor Secures Three Separate Financings
Berkadia Seniors Housing & Healthcare announced the closure of $26 million in bridge-to-HUD loans across three transactions for an El Segundo, California-based sponsor. Jay Healy and Andrew Lanzaro closed the loans on behalf of the repeat client. Berkadia anticipates closing all three subsequent HUD refinancings in the second half of 2025. The first transaction involved a $6 million bridge-to-HUD loan to facilitate the acquisition of a 48-bed memory care community in Jackson County, Oregon, for a joint venture between the sponsor and a Medford, Oregon-based operator that has managed the community since 2022. Constructed in 2016, the community had a 90% occupancy rate at closing with... Read More »
CFG’s Recent Financing Activity
Capital Funding Group announced it financed over $41 million across three transactions from mid-February to early March. The transactions supported four skilled nursing facilities and an assisted living and memory care community spread throughout the country and were executed on behalf of nationally recognized borrowers. First, in February, CFG secured a $27 million bridge-to-HUD loan for the refinancing of three SNFs in South Carolina and Missouri that comprise 397 beds. CFG refinanced and upsized the debt on a portfolio, allowing the borrower to recoup operational losses resulting from a re-tenanting process. Next, in February, CFG secured an $8 million bridge-to-HUD loan, which included... Read More »Schedule a demo
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