VIUM Capital Raises Its HUD Activity
Fresh off celebrating its four-year anniversary on April 1, VIUM Capital announced its first quarter transaction activity, which included 14 debt financings closed for 31 total properties. In total, the firm arranged $337 million in total financing during the quarter. Located across nine states from North Carolina to Oregon, 16 of the properties were seniors housing communities, two were rental CCRCs and 13 were skilled nursing facilities. VIUM closed nine HUD 232/223f refinancings, taking out VIUM bridge debt in all but one of the transactions. That marked the first quarter that VIUM’s HUD closings exceeded their bridge loan closings, and we know there are many more bridge loans... Read More »
CBRE Secures Acquisition Financing For Florida SH Community
CBRE Capital Markets secured acquisition financing for a seniors housing community in Ponte Vedra Beach, Florida, on behalf of Starling, a regional senior living development and management company based in Jacksonville, Florida. Built in 2015, Starling at Ponte Vedra features 86 assisted living and memory care units. The borrower will use a portion of loan proceeds to effectuate a capital expenditure program. CBRE secured this three-year, $16.2 million loan through Live Oak Bank. Aron Will, Phil Rachels and Michael Cregan arranged the financing, while Brad Clousing and Daniel Geraghty of Senior Living Investment Brokerage handled the sale. Read More »
Helios Handles Sale, Recap and Financing
Helios Healthcare Advisors structured the sale and recapitalization of an assisted living and memory care provider in Wisconsin. Through the provider’s lender, a publicly traded regional bank with $23 billion in assets, Helios was brought into the process to advise all stakeholders on a viable path to exit the credit and assets associated with the organization. The first step was divesting the non-performing assets to regional operators including behavioral health providers in Wisconsin, which Helios handled. Then, they repackaged the remaining performing assets, brought in a new operator, and arranged the debt to recapitalize the portfolio, keeping the existing financial partner involved... Read More »
Partnership Adds Another Georgia Asset
Scribner Capital, LLC and William James Group, LLC (WJG) added to their Georgia holdings by acquiring Insignia of Newnan, a 40-unit assisted living/memory care community in Newnan, located between Atlanta and Columbus. Bradley Clousing and Daniel Geraghty of Senior Living Investment Brokerage handled the transaction. The community will be rebranded as The Haven at Newnan and added to an existing joint venture that previously acquired two Georgia seniors housing communities. Those assets included River Place (40 units) in Forsyth and Sunny Grove (34 units) in Barnesville. Scribner and WJG had purchased them in July 2022 for an undisclosed price. In that deal, Scribner provided... Read More »
Florida SNFs Secure $17.4 Million in HUD Loans
Capital Funding Group announced the closing of two HUD loans totaling $17.4 million, which supported the refinancing of two skilled nursing facilities in Florida. The facilities feature a total of 261 beds. The financing was on behalf of a nationally recognized borrower. Tim Eberhardt and Ava Julio originated the transaction. This financing follows CFG’s recent announcement of the closing of two HUD loans totaling $13.55 million. The loans supported the refinancing of two skilled nursing facilities in Illinois. The facilities comprise a total of 173 beds. The financing was on behalf of a nationally recognized borrower. Read More »Schedule a demo
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