Central Florida Portfolio Secures Financing
Grace Hill Capital, a seniors housing capital advisory firm founded by Adam Shealy, closed a refinance and recapitalization of a four-community independent living, assisted living and memory care portfolio in Central Florida. The portfolio comprises five buildings totaling 257 units, operated by a regional provider with a proven record of performance and resident care. The new five-year, fixed-rate loan totaled $29.84 million. It came with an interest rate of 6.25%, 12 months of interest-only payments and a 70% loan-to-value ratio, providing proceeds to buy out existing limited partners, reduce the cost of capital, and enhance ownership’s long-term flexibility. Grace Hill Capital... Read More »
CCRC Enters Phase Three of Master Plan
Ziegler announced the successful closing of Friendship Village of Tempe’s $107.525 million Series 2025AB bonds through the Industrial Development Authority of the City of Tempe, Arizona. Tempe Life Care Village, Inc. owns and operates a CCRC known as Friendship Village of Tempe (FVT) in Tempe, Arizona. FVT consists of a 536-unit retirement center, a 128-bed skilled nursing center, a 67-unit assisted living building, 24 memory care beds and a 14-bed hospice unit in the Health Center that is leased to a hospice provider. The bonds will be used to fund Phase Three of the corporation’s campus master plan. Phase Three is a new five-story building known as the Ironwood building, with 69... Read More »
Southern California Communities Get New Owner
Berkadia handled the sale and financing of two seniors housing communities in Southern California. The transaction included an 84-unit assisted living and memory care community in the San Diego suburbs and a 72-unit memory care community in the Los Angeles suburbs. These were older vintage properties with some Medicaid census but were very strong performers in the market, with an average occupancy rate of 90.5%. Managing Directors Mike Garbers, Cody Tremper, Ross Sanders and Dave Fasano of Berkadia Seniors Housing & Healthcare closed the sale on behalf of a Southern California-based private owner. Managing Directors Ed Williams and Steve Muth of Berkadia Seniors Housing &... Read More »
Dwight Capital’s Q3 Senior Care Financings
Dwight Capital, its affiliate REIT, Dwight Mortgage Trust (DMT), and Dwight Healthcare Funding (DHF) provided a combined $284 million in seniors housing financings during the third quarter of 2025. The transactions included a mix of HUD, bridge, and revolving line of credit financings across 14 states. One of the featured transactions, originated by Adam Offman, was a $26 million HUD 232/223(f) refinance closed by Dwight Capital for Advanced Center for Nursing and Rehab, a 226-bed skilled nursing facility in New Haven, Connecticut. Proceeds will refinance existing debt and fund capital improvements. In another featured transaction originated by Offman, DMT provided a $24.5 million bridge... Read More »
Separate Sponsors Secure Funding
MONTICELLOAM, LLC announced two separate financings in California and New York. First was a $19.75 million senior bridge financing for the acquisition of an assisted living and memory care community with 141 units in central California, near the Bay Area. The financing carries a 24-month initial term and was completed on behalf of a new client, an established real estate operator. The transaction was originated by MONTICELLOAM Senior Managing Director, Originations, Karina Davydov. In another transaction, MONTICELLOAM financed a $44 million senior bridge loan for a 197-bed assisted living community in the suburbs of New York City. The floating-rate loan, structured with an initial 12-month... Read More »Schedule a demo
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