CIBC Bank’s Recent Activity
CIBC Bank USA closed an impressive array of transactions in the last several months, totaling more than $800 million in credit facilities across the country. The largest transaction was an $85 million (with earn-outs) debt package for a senior care portfolio in the Northeast. The debt included a senior term loan and a mezzanine loan to refinance the portfolio and cover corporate needs. Adam Panos, Patrick Garden, Charlie Sheridan and Tom Sheeren worked on the deal for CIBC. Laura Habich and Sam Dendrinos originated a couple of large cash-out refinances for skilled nursing clients. A $27.3 million loan went to a stand-alone SNF, and a $70.7 million loan refinanced a portfolio of four... Read More »
Family-Owned Company Refinances Washington Community
Lument closed a $21.5 million HUD loan to refinance Village Green of Federal Way, a seniors housing community in Federal Way, Washington. The building features 136 licensed assisted living units and 34 independent living cottages. The sponsor, Village Green, is a family-owned company. Lument helped navigate the pending loan maturity through HUD’s Express Lane. The FHA loan has a fixed interest rate and 35-year term. Casey Moore led the transaction. Read More »
Not-for-Profit Secures Financing for Debt and Development
HJ Sims closed a $105 million tax-exempt bank placement for Shepherd of the Valley Lutheran Retirement Services, Inc., the proceeds of which were used to refinance all outstanding bank debt of the organization and provide new money for a start-up campus in Salem, Ohio. The new Salem campus will comprise 36 market-rate independent living villas, 52 middle-market independent living apartments and 36 assisted living apartments. The financing was accomplished with three series of debt, including two long-term series and one being repaid with initial community fees, across three banking partners, who were all new to Shepherd of the Valley. Lynn Daly, Sean Golden and Justice Onyeugo helped... Read More »
Evans Arranges New SNF Lease
Evans Senior Investments arranged a new lease for a skilled nursing facility in Denver, Colorado, securing a 293% increase in rent on a per-bed, per-month basis in the process. At the time of marketing, the facility was 62% occupied with minimal Medicare Part A referrals. However, the 1960s-built facility has 16 private units and is proximate to five major hospitals, so the opportunity to increase the high-acuity Medicare census was there. Evans also determined more than $600,000 in potential expense synergies available to a new operator. Evans emphasized this value-add scenario to potential tenants, including regional operators looking for scale, and secured a new lease with a... Read More »
Cross River Bank Closes Large Acquisition Loan
Cross River Bank recently closed a large acquisition loan for a portfolio of seven skilled nursing facilities and one assisted living community in Georgia, Tennessee and Missouri. Raina Yoo was the Loan Officer on the transaction. The portfolio features a total of 1,339 licensed beds, and occupancy stood at 88%, overall. Read More »
Local Operator Closes Lease-to-Purchase Deal
A skilled nursing facility in Mississippi faced a time-sensitive CHOW with frozen Medicaid rates under appeal after the outgoing operator was planning to leave before the ownership transfer occurred, posing meaningful risk to the facility’s financial performance and operational continuity. The facility was older and around 50% occupied at the time of the management transition, with more than 100 licensed beds and some beds remaining offline. The facility was distressed and operating at a loss. 3G Healthcare Real Estate structured a day-by-day operator extension through a financial incentive and secured a January 1 takeover with a new local operator, avoiding potential negative impacts to... Read More »
Mainstay Senior Living Grows in Georgia
Mainstay Senior Living acquired two seniors housing communities in Savannah, Georgia. The properties are located about five miles apart from each other. Grace Manor Savannah was built in 1997, while Habersham Manor was built in the late-1980s. They feature a total of 143 assisted living and memory care units. Florida-based Mainstay now has 46 communities across the Southeast, including 17 in Florida, 15 in South Carolina, three in Tennessee, two in North Carolina and now nine in Georgia. Dan Geraghty, Brad Clousing and Jeff Binder of Senior Living Investment Brokerage handled the transaction. Read More »
SLIB Shoots Out of the Gates in 2026
On the heels of a prolific 2025, Senior Living Investment Brokerage is starting 2026 strong with a slew of closings across the country. The largest was a portfolio featuring three seniors housing communities in Alaska (two) and Idaho. Totaling 243 units of independent living, assisted living and memory care, the communities were built in the mid-2010s. They are in Kenai and Soldotna, Alaska, and Caldwell, Idaho. Occupancy varied from 73% at the Kenai location to 98% at the Soldotna property and 92% in Idaho. The seller was an experienced seniors housing owner/operator that was looking to focus on its alternative real estate investments. A Utah-based REIT bought the Alaska assets and closed... Read More »Private Equity Firm Divests Portfolio to Chicago Investor
Trinity Investors, a Texas-based private equity firm, sold a 224-unit portfolio of three seniors housing communities in Alabama that it acquired in tranches between 2022 and 2023 with a regional owner/operator. After the portfolio stabilized and capital was injected into the communities, Trinity recapitalized the venture in March 2025 with Kauhale Health as operator. The goal was to accelerate operational performance. Under Kauhale Health, the communities grew census, resident and staff satisfaction, and cash flow. With the turnaround underway, Trinity engaged Helios Healthcare Advisors to run a targeted sales process to capitalize on the performance trend. There was strong interest... Read More »Underperforming Skilled Nursing Facility Trades in Ohio
A 130-bed skilled nursing facility in Cincinnati, Ohio, sold to a regional owner/operator looking to expand its existing Ohio footprint. At the time of sale, the building was operating at a loss, but the buyer’s operational scale and market familiarity positioned the facility for a smooth transition and long-term repositioning. Blueprint represented the seller, which was seeking a speedy transaction due to the facility’s underperformance. So, Connor Doherty and Ryan Kelly of Blueprint targeted qualified regional operators with the ability to quickly assume operations and stabilize performance. The result was a transaction that moved from LOI execution to closing in just 64... Read More »Schedule a demo
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