![Berkadia Closes Sales in Florida and Virginia](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/03/Ziegler_Closes_Big_HUD_Deal-1.png)
![Berkadia Closes Sales in Florida and Virginia](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/03/Ziegler_Closes_Big_HUD_Deal-1.png)
![Berkadia Secures HUD Financing for Three Communities](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2019/07/bigstock-Saving-Money-Home-Loan-Mortg-264395683-e1564514942451.jpg)
Berkadia Secures HUD Financing for Three Communities
Berkadia announced three HUD financings for communities in Texas, Washington and Montana, totaling $20.6 million. The first loan, secured by Jay Healy, totaled $11.19 million and was arranged for a Texas-based not-for-profit organization to refinance its 128-unit Medicaid assisted living community in Texas. The loan carries a low-2% interest rate and ultimately retired the existing construction and mezzanine debt tied to the project. This income-restricted community was constructed in 2015, with occupancy hovering around 90% during the time of the underwriting. Ed Williams arranged the second transaction, which consisted of two loans. The first was $6.26 million refinance of a 36-bed... Read More »![Berkadia Adds New Hire to Investment Sales Team](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2019/03/bigstock-Newspaper-with-Breaking-News-h-267661009-e1553014484821.jpg)
Berkadia Adds New Hire to Investment Sales Team
Berkadia has added Director Simona Wilson to the Seniors Housing & Healthcare team, serving on the investment sales platform led by Tim Cobb. Ms. Wilson has 19 years of industry experience, previously founding Crescent Capital LLC where she advised seniors housing capital providers and operators on investment and portfolio strategies. She also spent 15 years on the Healthpeak investment team, serving as Vice President of Strategy & Business Development and Vice President of Acquisitions & Valuations. Ms. Wilson graduated with an accounting degree from the University of Southern California, and spent two years at PricewaterhouseCoopers before moving to a career in healthcare... Read More »![Berkadia Refinances AL Community in Hawaii](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2016/03/bigstock-Footprints-In-The-Beach-Dunes-37621765.jpg)
Berkadia Refinances AL Community in Hawaii
Berkadia Seniors Housing & Healthcare has refinanced a 123-unit assisted living community in Kailua-Kona, Hawaii, for $16.58 million. Berkadia’s Jay Healy secured the financing on behalf of the owner, who acquired the facility in August 2017 after previously managing the building on behalf of the seller. The 35-year loan paid off an $11.7 million bridge loan that Berkadia had arranged to fund the acquisition and subsequent $4.5 million renovations, which was finished in early 2020. The borrower also used funds from the loan to pay off the remaining unsecured seller financing as well as some outstanding partnership debt. Occupancy was substantially below its potential at the time... Read More »![Berkadia Brokers HUD Refinance for Oklahoma SNF](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2019/07/bigstock-Money-8204584-e1563306808284.jpg)