Shealy Launches Grace Hill Capital
Ziegler alum Adam Shealy founded Grace Hill Capital in December 2023, building upon nearly two decades of experience as a senior banker at leading investment banks in the United States and Europe. GHC is a specialized capital markets advisory firm dedicated to seniors housing and health care, headquartered in Sarasota, Florida. It currently offers tailored capital solutions for senior living investors, ranging from bridge and permanent debt for acquisition, refinance, recapitalization, construction and rehabilitation. GHC services also include specialized underwriting, capital structure advisory and debt placement services for skilled nursing, assisted living, memory care and independent... Read More »
BWE Secures Financing For Four Seniors/Affordable Housing Communities
BWE announced the closing of four financings totaling over $26 million to refinance, build and preserve four seniors and affordable housing properties in California, Massachusetts, Ohio and Florida. First, Max Sauerman originated a loan on behalf of Goldrich and Kest, two privately owned, family-run real estate companies, for Palm Court Senior Independent Living. The community was built in 1991 and is in Culver City, California. Next, Taylor Mokris and Ryan Stoll originated a five-year, $13.15 million fixed-rate, non-recourse Freddie Mac loan on behalf of an institutional owner for acquisition financing. The loan has a five-year term. Operated by Benchmark Senior Living, Branches of... Read More »
JLL Capital Markets Finances Minnesota Acquisition
JLL Capital Markets arranged acquisition financing for three seniors housing communities in the greater Minneapolis-St. Paul MSA. The borrower, represented by JLL, was an affiliate of The Inland Real Estate Group of Companies. The Waters Senior Living will continue to manage the communities for Inland, and this transaction expands their relationship to four communities together. The portfolio comprises The Waters of Edina, The Waters of Plymouth and The Waters on 50th. Built in the past 10 years and demonstrating strong operations, they consist of 321 units total, with 223 dedicated to independent living/assisted living and 98 to memory care. The JLL Senior Housing Capital Markets team was... Read More »
Meridian Capital Group Reports End-of-Year Activity
To close its 2023, Meridian Capital Group’s Senior Housing and Healthcare Platform, led by Ari Adlerstein and Josh Simpson, closed nearly $250 million in transaction volume for 20 senior housing and healthcare facilities in five states over the last month. Most notably, the team closed a bank syndicate loan totaling $155 million to refinance 15 facilities comprised of 1,935 skilled nursing beds and 46 assisted living units in Michigan and Ohio. Five banks participated in the syndicate. Meridian also arranged $41 million in financing from a commercial bank along with a $5 million A/R line to refinance a 120-bed skilled nursing facility in New Jersey. They closed $23.9 million in financing... Read More »
CIBC Finances a Virginia SNF Portfolio
As the sole lender, CIBC Bank USA provided a Virginia owner/operator with a $67.0 million mortgage facility on a portfolio of nursing homes. The portfolio has been operated by the buyer since 2021 and the financing was related to a purchase option. The skilled nursing facilities, which comprise 480 beds, have an effective age of 20 years. Historical occupancy for the facilities has been approximately 85%, and the EBITDAR margin was approximately 15%. A $4.0 million line of credit was also provided. The financing was handled by Matthew Tyler and Neal Netzel of CIBC. Read More »Schedule a demo
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