NYC Skilled Nursing Facility Receives Working Capital Financing
MONTICELLOAM, LLC and firm affiliates provided $84 million in combined bridge and working capital financing to a skilled nursing facility in New York City. The 280-bed facility was owned by a returning MONTICELLOAM client with a portfolio of more than 20 healthcare properties. It is expanding its presence in the New York area. The transaction includes a $79 million bridge loan and a $5 million working capital line of credit, with a 30-month initial term. Read More »
CIBC Completes Several Financings
CIBC Bank USA announced a handful of senior care financings across multiple states. First, the company closed a $17.5 million cash-out refinancing for a regional operator’s portfolio of three skilled nursing facilities with 235 total beds in northeast and southeast Massachusetts, and southern New Hampshire. The facilities have an effective age of 20 years and reported an average occupancy rate of 88%. Financing was arranged by Matthew Tyler and Daniela Miranda. Separately, CIBC closed $40.5 million in acquisition financing for a regional operator’s purchase of two skilled nursing facilities totaling 248 beds in Pennsylvania that were 86% occupied. Financing was arranged by Dan Forrer and... Read More »
Blueprint Adding HUD Lending Platform
Fresh off another record-setting year for investment sales activity, Blueprint announced a major expansion of its capital markets services to now include FHA/HUD lending and servicing capabilities. The firm is acquiring the existing FHA/HUD lending platform of MidCap Financial Services, and hiring Tony Marino, formerly of Cambridge Realty Capital Companies, to lead the practice alongside Chief Underwriter Ramona Mitchell, who has decades of experience in HUD lending. The move allows Blueprint to now offer long-term financing solutions to its clients, what it describes as a natural extension of its mission to provide best-in-class advisory services throughout the asset lifecycle. The... Read More »
More New Capital Enters Seniors Housing
A fully-integrated real estate firm that is well known in the student housing world announced its foray into the seniors housing industry. Landmark Properties focuses on the development, construction, acquisition, investment management, and operation of high-quality residential communities, but the company’s intent is to invest in ground-up development and acquisition opportunities in seniors housing through partnerships with best-in-class operators. It cited the industry’s recovery and the incoming supply and demand imbalance as part of its motivation to enter. Landmark Properties appointed industry executive Shashank Goel as Senior Director of U.S. Senior Housing Investment Management.... Read More »
Berkadia’s Recent Financing Activity
In the past 30 days, Berkadia’s Jay Healy and Andrew Lanzaro have closed $111.5 million across four financings for four separate sponsors, encompassing eleven properties in six states. The activity included three bridge financings totaling $69.6 million from Berkadia’s proprietary balance sheet and a $41.9 million HUD refinance. The first transaction was a $9.1 million bridge-to-HUD loan for a repeat client based in El Segundo, California. Proceeds were used to retire senior debt and a portion of related-party acquisition financing in advance of a HUD refinance. The collateral is a 79-unit, 2006 vintage assisted living and memory care community in Nampa, Idaho, which the sponsor acquired... Read More »
Inspirit Senior Living Appoints New President
Torey Riso is heading back to the operating world, joining Inspirit Senior Living as President as of March 16. He joins Dave McHarg, who is the CEO of Inspirit and Founding Partner of the company. Since its founding in 2015, Inspirit has grown to 37 properties under management, with Inspirit holding an equity interest in around half of those. The platform is also well positioned to continue its growth trajectory through both management opportunities and strategic value-add/turnaround equity investments with institutional partners. Inspirit could take advantage of several REITs’ desire to grow their SHOP portfolios. Plus, it continues to work closely with Venue Capital, founded by Care... Read More »
Cap Rates Continue Compression in JLL’s Investor Survey
Ben Swett, Managing Editor of The SeniorCare Investor, sat down with Bryan Lockard, Executive Managing Director of JLL’s Value and Risk Advisory, to discuss the results of JLL’s recently published 2026 Seniors Housing & Care Investor Survey and Trends. They also covered some major topics heading into NIC in Nashville. Read More »
60 Seconds with Swett: Burning Questions for NIC Attendees
This time next week, we’ll be heading out of Nashville from the Spring NIC conference likely buoyed by the overwhelmingly positive mood we’re expecting from most of our industry friends. It’s hard not to be optimistic when occupancy and margins are increasing to healthy levels nationally, and show no signs of stopping, when liquidity is increasing and when values are rising across both seniors housing and skilled nursing. We’ll want some questions answered when we hit the ground in Nashville, too. Like will prices for core, Class-A assets rise enough to force more investors into the Class-B/value-add space, and increase prices for those assets in 2026? Or, will the continued resident rate... Read More »
Janus Living’s IPO Results
Janus Living has completed its initial public offering, raising $878 million after deducting the underwriting discount and estimated expenses payable by the company. The REIT sold 48.3 million shares of its Class A-1 common stock at $20 per share, including the full exercise of the underwriters’ 6.3 million-share option. It made its New York Stock Exchange debut March 20 under the ticker “JAN,” with shares trading well out of the gate. The stock opened at $23.50, climbed as high as $23.96 intraday and closed at $23.61. The net proceeds received from the offering are expected to be used to pursue acquisitions and investment opportunities, in addition to general corporate purposes. The... Read More »
VIUM Capital Secures Slew of HUD and Bridge Financings
VIUM Capital recently closed a series of healthcare and seniors housing real estate financings across multiple states, spanning both HUD-insured loans and bridge executions for skilled nursing, assisted living and memory care assets. The largest loan was a $56.4 million HUD financing for a 325-bed skilled nursing facility in Florida. The facility was approximately 93% occupied and had existing acquisition and capital improvement debt. With the refinance, ownership also wished to fund additional renovations aimed at enhancing resident areas and increasing Medicare mix. Then in Colorado, VIUM closed a $51.0 million HUD loan across a five-facility skilled nursing portfolio totaling 311 beds.... Read More »Schedule a demo
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