Investor Secures Financing and Acquires Class-A Community
BWE’s Seniors Housing Capital Markets Team sold and financed The Capstone at Station Camp, which sits in the Nashville, Tennessee MSA. Built in 2021, the Class-A assisted living and memory care community comprises 100 units in Gallatin. It is operated by TerraBella Senior Living. BWE represented the seller, Hunt Midwest. The buyer was a Texas-based healthcare investor, and BWE arranged non-recourse acquisition financing for them through a regional bank. The financing includes a significant potential future earnout. Charley Bissell, Ryan Stoll and Taylor Mokris led the deal, which was structured with a contingency for the procurement of acquisition financing meeting specific leverage,... Read More »
Regional Operator Enters Kansas with CCRC Acquisition
A CCRC in Kansas recently sold to a growing regional operator. This transaction marks its entrance into the Kansas market. Evans Senior Investments handled the deal, identifying specific reimbursement and occupancy opportunities that an incoming operator could leverage to improve profitability. The process was competitive, and the undisclosed buyer ultimately paid $32 million, or $148,000 per bed/unit, to purchase the campus. T7 Capital previously announced that it arranged $27.2 million in financing from a commercial bank and mezzanine lender, plus a $1.5 million A/R line, for the acquisition of an asset with 74 independent living, 63 assisted living and 80 skilled nursing beds in... Read More »
Financing Supports Underperforming AL Acquisition
Helios Healthcare Advisors announced that it arranged acquisition financing for the buyer of an underperforming community in Marble Falls, Texas, that was operating at a cash-flow deficit. The asset was Marble Falls Assisted Living, a 25-unit assisted living community. Marcus & Millichap handled the sale. The borrower required a high-leverage financing structure that preserved its capital to fund anticipated operating losses and supported physical plant improvements. Helios structured a 100% loan-to-cost financing solution that provided the buyer with the flexibility needed to execute a turnaround strategy. Financing was provided by an Arkansas-based commercial bank. The loan carried a... Read More »
Pennsylvania SNFs Secure Bridge and Working Capital Financing
A few skilled nursing facilities in Pennsylvania secured bridge and working capital financing. MONTICELLOAM provided the $80 million financing, which includes up to a $75 million bridge loan and a $5 million working capital line of credit, with a 36-month initial term plus two six-month extensions. The loan proceeds will be used by the borrower, a Northeast-based SNF owner/operator with over 20 years of experience, to acquire the four facilities, fund the interest reserve and complete renovations at the assets, which comprise more than 520 licensed beds. Read More »
Idaho IL/AL Community Receives HUD Financing
Berkadia secured $27.5 million in financing for a seniors housing community in Idaho. The asset comprises 191 independent living and assisted living units, and was 97% occupied at the time of closing. Bianca Andujo and Steve Muth closed the financing through HUD’s 232/223(f) program for a first-time Berkadia client based in Tennessee. The loan features a 35-year, fixed-rate term, and refinanced a bridge loan provided by Berkadia’s proprietary lending group and a bank partner. The bridge loan, which was outstanding for less than a year, provided financing for the subject community, plus an additional one that is expected to receive permanent HUD financing in... Read More »Schedule a demo
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