EVA Care Group Refinances California Portfolio
Helios Healthcare Advisors went to a private credit fund to secure a refinance for a senior care portfolio in California. Totaling 165 beds, there is a skilled nursing facility in San Bernardino and an assisted living community in Fillmore. The communities are owned by EVA Care Group, a Los Angeles-based national healthcare organization. Both properties were previously mortgage free, creating an opportunity for EVA Care Group to unlock liquidity and strategically recapitalize the assets. EVA could have pursued a traditional working capital line, which would have introduced significant administrative burden and come with restrictive covenants that limit operator flexibility. But... Read More »
Florida Portfolio Receives Financing
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided a $120 million bridge loan to finance five skilled nursing facilities in Florida comprising 795 beds. The debt was used to refinance the 120-bed Parklands Care Center & Rehab in Gainesville, and the 120-bed Riverwood Healthcare & Rehab Center in Starke. It also funded the acquisition of the 299-bed Balanced Healthcare in St. Petersburg, the 76-bed Gulfside Health & Rehab Center in Clearwater, the 180-bed Lake Placid Health & Rehab Center in Lake Placid. To further support the facilities’ operations, Dwight Healthcare Funding also provided a $20 million working capital line of credit in conjunction with... Read More »
Not-For-Profit Completes Its Largest Senior Living Financing
Ziegler announced the pricing of Horizon House’s $600.0 million Series 2025AB bonds through the Washington State Housing Finance Commission. The bonds are set to close in December. This financing is Horizon House’s largest senior living financing completed to date. Horizon House is a Washington 501(c)(3) organization that was established in 1961 to develop, own and operate seniors housing communities. Today, the organization owns and operates a CCRC in Seattle, Washington, that offers 377 independent living apartments and 90 assisted living apartments including memory care services. The bonds will be used to fund the new West Tower, a 33-story independent living high-rise consisting... Read More »
MONTICELLOAM Closes One of Its Largest Financings
In one of the largest financings the firm has ever completed, MONTICELLOAM, LLC, along with firm affiliates, funded $470.5 million in total bridge and working capital financing for a sixteen-facility skilled nursing portfolio. The sponsor group, which owns and operates over 200 skilled nursing facilities across the country, used the $455.5 million bridge financing to refinance existing debt on the Virginia assets. In addition, MONTICELLOAM arranged a $15.0 million working capital line of credit for the borrower to manage the daily operational needs of over 2,000 licensed beds. In another financing, MONTICELLOAM and firm affiliates provided a $28.5 million senior bridge loan for two... Read More »
Acquisition Financing Secured by Joint Venture
CBRE’s Aron Will and Michael Cregan closed a $45.5 million acquisition loan for a joint venture between an institutional investor and its operating partner. The acquired Class-A community is located in the Southeast. CBRE also handled the sale of the community. Separately, the CBRE team closed a nine-figure cash-out refinance for an undisclosed client. The transactions come after the closing of acquisition financing for Belmont Village Aliso Viejo. Aron Will and John Sweeny represented the joint venture seller in the deal, while Will and Matthew Kuronen arranged the acquisition loan from a national bank. The loan came with a four-year term, a full term of interest only and a floating... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
