Bank Provides Refinance to Family Office
BHI, the U.S. branch of Bank Hapoalim, provided a $29.0 million loan for the refinancing of an assisted living and skilled nursing facility in West Palm Beach, Florida. Gold Standard of Care Group, a Florida-based family office with a focus on healthcare and senior care and over $150 million in assets, was the borrower. Totaling 70,272 square feet, the property was originally built in 1995. Significant renovations were completed in 2023 and 2024. Amenities at the community include a salon, bistro, chapel, courtyard, concierge, game room, gym, library, transportation, lounges, private dining and a spa room. Colonial Assisted Living Management operates the facility. According to... Read More »
VIUM’s Slew of Financings
We have written about the uptick of liquidity in the seniors housing and care market, and the willingness among lenders to write bigger and bigger checks to finance larger portfolios. Well, VIUM Capital just announced a slew of financings totaling more than $180 million for four senior care portfolios. The largest was arranged for three skilled nursing facilities totaling 357 beds in Florida. Sponsorship had acquired the facilities in September 2022 and had since materially improved operations through increased occupancy, RUG optimization and limited contract nursing. Occupancy ranged between 87% and 92% as of August 2025. A bridge loan provided by VIUM Capital via Merchants Bank of... Read More »
Two Not-For-Profits Close Separate Bond Issues
Ziegler closed an $80.0 million tax-exempt fixed-rate bond issue for Brazos Presbyterian Homes (BPH). The Series 2025 bonds were issued through the New Hope Cultural Education Facilities Finance Authority. BPH owns and operates three continuing care retirement communities in Texas. Brazos Towers at Bayou Manor, which opened in 1963, sits on a seven-acre campus between Meyerland and West University, two neighborhoods in Houston, Texas. The Hallmark was acquired by BPH in 1972 and comprises five acres in the heart of the Galleria neighborhood of Houston. Longhorn Village opened in 2009 and was acquired by BPH in 2018. It is on 55 acres within the planned development known as “Steiner Ranch”... Read More »
Stellar Senior Living Finances Arizona Community
Marcus & Millichap arranged $22 million in financing for The Springs of Scottsdale, a 143-unit independent living community in Phoenix, Arizona. Paul Winterowd secured the financing with a national life insurance company on behalf of Stellar Senior Living. The sponsor secured a five-year loan at 60% loan-to-value, with a competitive interest rate of 6.05% and a 27-year amortization schedule. The property is located in the heart of downtown Scottsdale and offers one- and two-bedroom units equipped with full kitchens and individually controlled heating and air conditioning. Additional amenities include all-inclusive dining, housekeeping and linen services, a full-time concierge and a gym... Read More »
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 »Schedule a demo
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