Tennessee Class-A AL/MC Community Secures Financing
BWE secured $11 million in C-PACE financing for a Class-A seniors housing community in Tennessee. Built in 2022, Cloverland Park is a 100-unit, three-story assisted living and memory care community in Brentwood. The funds will be used to pay down and extend the community’s senior loan. Charles Bissell arranged financing with GreenRock Capital for this transaction. Read More »
Capital Funding Group Reports Strong H1
Capital Funding Group has financed over $440 million from January through June of this year. This financing includes 18 healthcare bridge loans, five multifamily bridge loans and eight HUD loans. Notable transactions included a $65 million bridge loan for the refinancing of a nine-property seniors housing portfolio in Ohio, a $43 million HUD financing package for three skilled nursing facilities in Washington and Idaho, and a $36.2 million bridge-to-HUD loan for the refinancing of five SNFs in North Carolina. Additionally, CFG secured a $23.6 million bridge-to-HUD loan for the refinancing of a SNF in Delaware, a $20 million bridge-to-HUD loan for the refinancing of SNF in Maryland,... Read More »
Creative Solutions Secures Financing
Oxford Finance announced the closing of a $47 million senior credit facility to Creative Solutions in Healthcare, Inc., a family-owned, Fort Worth, Texas-based company with more than 170 long-term care communities throughout Texas. Funds drawn at closing were used to finance the acquisition of two skilled nursing facilities in Texas, totaling 228 beds. Additionally, the credit facility includes a substantial delayed draw commitment, providing Creative Solutions with the flexibility to finance future acquisitions. Read More »
Berkadia Refinances Class-A Community in Maryland
Berkadia’s Steve Muth and Austin Sacco arranged the refinance of a 135-unit seniors housing community in Kensington, Maryland. Modena Reserve at Kensington was opened in December 2021 in an affluent area with 62 independent living, 47 assisted living and 26 memory care units. The high-end, resort-style community also includes fine dining, a bistro and lounge, an art studio, full-service salon and spa, a theater, full-service bar, fitness centers, and an outdoor courtyard including walking paths, fire pits, and more. Solera Senior Living operates the community, which helped the community reach stabilized occupancy within two years of opening. The owners, including Solera, McCaffery and a... Read More »
NHI Making Moves in the M&A Market
National Health Investors appears set to get off the M&A sidelines, “sidelines” being relative for the REIT which has engaged in a fraction of new investments compared with pre-pandemic years. So far in 2024, NHI has closed on $56.6 million of investments with an average initial yield of 8.4%, split between both existing and new relationships. In addition, NHI signed LOIs on another $155.4 million, also with an average yield of 8.4% and is evaluating around $270 million of potential investments, excluding portfolio transactions and mostly within seniors housing (which is where the opportunities mostly lie for value-add transactions). The signed LOIs include primarily sale/leaseback... Read More »Schedule a demo
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