Utah Skilled Nursing Portfolio Secures Financing
Capital Funding Group closed a $93.8 million bridge-to-HUD loan on behalf of a nationally recognized borrower. The deal supported financing for nine skilled nursing facilities comprising 969 beds in Utah. CFG also provided $11 million in accounts receivable financing to support the working capital needs of the portfolio. Tommy Dillion of Capital Funding originated the bridge-to-HUD transaction, and Jeffery Stein of Capital Finance originated the accounts receivable transaction. Read More »
Eden Senior Care Secures Acquisition Financing
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided a $54.6 million bridge loan to finance the acquisition of a six-facility skilled nursing portfolio in Pennsylvania. Comprising 925 beds, the portfolio includes Hampton House in Wilkes Barre, Kingston Rehabilitation in Kingston, Pottsville Rehabilitation in Pottsville, Williamsport North and South Rehabilitation in Williamsport and Yeadon Rehabilitation in Yeadon. In conjunction with the bridge loan, Dwight Healthcare Funding also provided a $7 million working capital line of credit with an accordion feature of up to $15 million, which will be used to support the day-to-day operations across all properties. Adam Offman,... Read More »
Six Active Adult Communities Secure Freddie Mac Financing
Walker & Dunlop secured a $200 million Freddie Mac financing for six active adult communities. The communities comprise more than 1,100 units in Texas, Oklahoma, North Carolina, South Carolina and Washington D.C. Average occupancy across the communities was 95% at the time of the financing. The fixed-rate, full-term interest-only loan is sized to a 35 year amortization. Read More »
Legend Senior Living Acquires in OK and Secures Financing
Berkadia Seniors Housing & Healthcare facilitated the sale and financing of a 90-unit assisted living and memory care community in Edmond, Oklahoma. Built in 2016, the community features 58 AL and 32 MC units and is among the newest seniors housing communities within the Oklahoma City market, which has seen minimal new development over the past four years. The buyer was Legend Senior Living, which will rebrand the community as Legend of Edmond. It was formerly known as StoneCreek of Edmond Assisted Living and Memory Care. Cody Tremper, Dave Fasano, Ross Sanders and Mike Garbers of Berkadia represented the seller, StoneCreek Real Estate Partners. Rafael Nobo and Alex Rosenfeld of... Read More »
Silverado Senior Living Secures Financing
Silverado Senior Living acquired two memory care communities with the help of acquisition financing closed in part by Capital Funding Group. Silverado had previously managed both communities prior to the deal. The transaction was funded by senior and junior debt totaling $32.25 million. Part of that was a $9.95 million subordinate loan closed by CFG. Silverado also established a new lending relationship by closing the loan with CFG. Read More »Schedule a demo
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