• Live Oak and Berkadia Team Up on Bridge Loan

    Live Oak Bank recently closed a $34.3 million bridge loan in partnership with Berkadia Commercial Mortgage for a two-property portfolio owned and operated by BrightSpace Senior Living. The communities are located in the Nashville, Tennessee, and Boise, Idaho MSAs. The loan was structured in an A/B arrangement, with Berkadia funding the... Read More »
  • California Memory Care Communities Receive HUD Loans

    Lument closed two HUD loans totaling $20.7 million to refinance two memory care communities in northern California. Doug Harper, managing director at Lument, co-originated the loan with Grant Goodman of G Capital. The two communities are Crescent Oaks Memory Care, which features 22 units and 36 beds in Sunnyvale, and Silver Oaks Memory Care,... Read More »
  • Berkadia Handles Two Seniors Housing Transactions

    Berkadia closed the sale of two separate assets in Florida and Georgia. First, Berkadia was engaged by a national owner/operator in the sale of a CCRC in South Florida. The property appears to be Abbey Delray, a 505-unit community originally built in 1979 in Delray Beach that features 327 independent living units, 48 assisted living units, 30... Read More »
  • Fortress Buys Large Seniors Housing Campus

    Fortress Investment Group just purchased one of the largest rental seniors housing communities in the country, adding The Village at Gainesville in Gainesville, Florida, to its portfolio. Regionally anchored by the University of Florida and the innovative UF Health network, and located directly across from SantaFe College, the 100+ acre campus... Read More »
  • Interview with R.J. DeBee of BBG Real Estate Services

    Ben Swett, Managing Editor of The SeniorCare Investor, sat down with R.J. DeBee of BBG Real Estate Services to talk about the findings from BBG’s annual investor survey. DeBee shares his thoughts on what was surprising about the results and highlights the points he agrees with. You can view the survey results here. Read More »
NewPoint’s New Way Forward with CEO Nick Gesue

NewPoint’s New Way Forward with CEO Nick Gesue

NewPoint Real Estate Capital announced its strategic integration of the Alder View Capital (SVC) team into its platform. The move came on the heels of NewPoint’s appointment of AVC’s founder and CEO, Nick Gesue, as CEO of NewPoint itself. AVC’s Kevin Laidlaw and Cal Masterson will be joining Gesue at NewPoint, as well, adding to NewPoint’s deep bench of expertise. The combination will position NewPoint as a leading provider of borrower-centric capital solutions to the senior housing and care sector, in addition to the broader multifamily and residential housing sector. And the NewPoint platform provides AVC clients with access to a suite of lending options, including agency (Fannie Mae and... Read More »