Carlton Senior Living Secures Fannie Mae Loan
Aron Will, Andrew Behrens, and Adam Mincberg originated a cash-out, $18.5 million, 10-year fixed loan through CBRE’s Fannie Mae DUS Lending Platform on behalf of Carlton Senior Living for Carlton Senior Living Pleasant Hill – Downtown. The refinance allowed Carlton to reconstitute its original joint venture ownership into a closely held Tenant-in-Common ownership structure. Originally built in 1997, the community features a total of 119 assisted living and 12 memory care units with 24 beds in Pleasant Hill, California. Carlton Senior Living has renovated the community since development. Following a renovation in 2024, the community demonstrated sustained operational performance... Read More »
Florida AL Community Secures Bridge Financing
Berkadia arranged $14.6 million in bridge financing for an assisted living community in New Port Richey, Florida. Managing Directors Ed Williams and Rafael Nobo of Berkadia Seniors Housing & Healthcare secured financing for a Florida-based sponsor and first-time client through Berkadia’s bridge lending program. The 12-month, interest-only loan was used to retire existing debt and return capital to the sponsor for future development. The community was built in 2020 and reached stabilized occupancy within 12 months of opening. Occupancy has remained at or above 95% since that point. Berkadia is expected to close the subsequent HUD refinance by the end of 2025. Read More »
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 »Schedule a demo
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