• Genesis HealthCare’s Legacy Liabilities Lead to Bankruptcy Filing

    by | Jul 11, 2025 2:31 pm | Opinion

    Genesis HealthCare has filed for Chapter 11 bankruptcy protection, listing its 298 affiliated holding companies, ancillary businesses and insurance vehicles in its submission to the U.S. Bankruptcy Court for the Northern District of Texas Dallas Division. It is one of the largest skilled nursing operators in the country and operates 218... Read More »

  • Cindat Capital Management Invests in Colorado Community

    by | Jul 11, 2025 2:30 pm | Financings

    Cindat Capital Management, a middle-market real estate private equity platform focused on seniors housing and opportunistic investments, announced its first investment from its Senior Housing Credit Platform. It was a unitranche debt investment in The Pearl at Boulder Creak, a 116-unit, Class-A independent living and assisted living community... Read More »

  • MedCore Divests to Publicly Traded Healthcare REIT

    by | Jul 11, 2025 2:28 pm | Acquisitions

    Ziegler announced its role as exclusive sell-side financial advisor to MedCore on the sale of Parkview on Hollybrook, a 189-unit rental CCRC in Longview, Texas. The property has been on a long road to stabilization. It was originally bought in a bankruptcy auction in 2016 for $20.7 million by Thrive FP when it was in the middle of development. 12... Read More »

  • Forbright Bank’s H1 Activity

    by | Jul 11, 2025 2:27 pm | Financings

    Forbright Bank reported its activity for the first half of the year from its healthcare and HUD lending teams, announcing more than $500 million in loans closed for acquisitions, recapitalizations, working capital, and HUD financings for healthcare providers across the country. One of the largest transactions was a $60 million revolving loan to... Read More »

  • Large SNF Portfolio Secures Financing

    by | Jul 11, 2025 2:26 pm | Financings

    MONTICELLOAM, LLC announced the closing of $218.3 million in combined bridge, mezzanine, and working capital financing for 18 skilled nursing facilities across Kentucky. The transaction includes a $179.3 million senior bridge loan and a $29 million mezzanine loan, which the sponsor plans to use to restructure and upsize the existing debt on the... Read More »
Berkadia Finds a Way in Federal Way

Berkadia Finds a Way in Federal Way

by | Jan 18, 2019 7:03 am | Acquisitions

Tim Cobb of Berkadia Senior Housing Investment Sales sold an assisted living/memory care community in Federal Way, Washington, working on behalf of the seller, Columbia Pacific Advisors. Built in 1997, the target comprises 87 units and 104 beds. It will be taken over by a joint venture involving Harrison Street Real Estate Capital and Gencare PMB. The latter is a new partnership between Gencare Lifestyle (founded by co-founder of Merrill Gardens, Leon Grundstein) and Pacific Medical Buildings (a medical office building developer based in San Diego). PMB had an existing relationship with Harrison Street, which provided 90% of the equity for both the Federal Way acquisition and a new... Read More »
Berkadia Bags Four HUD Financings

Berkadia Bags Four HUD Financings

by | Jan 15, 2019 4:55 pm | Financings

Berkadia jumped out of the 2019 gates with four HUD closings totaling $40 million. Ed Williams secured the largest loan, $14 million in financing for a skilled nursing facility in Pennsylvania. The loan proceeds were used to retire existing bank and related partner debt for the borrower. Next, Mr. Williams and Jay Healy headed to Michigan to arrange a $9.06 million loan on behalf of a SNF there. The Midwest-based owner/operator borrower purchased the 139-bed facility in May 2017 from a not-for-profit seller. Back then, Berkadia provided the bridge financing to fund 100% of the acquisition costs plus a significant renovation. The HUD refinance retires that Berkadia bridge loan. Mr. Williams... Read More »
Berkadia’s Big End-of-Year Closing

Berkadia’s Big End-of-Year Closing

by | Jan 4, 2019 7:00 am | Financings

Berkadia headed out of 2018 with a bang, closing a credit facility that totaled more than $200 million. Secured by 19 senior living communities owned by Capital Senior Living Corporation, the facility came with both fixed and variable interest rates, a 10-year term and 30-year amortization schedule financed through Fannie Mae. Approximately $150.8 million of the debt had the fixed rate and over $50.2 million featured the variable rate. Berkadia’s Lisa Lautner originated the transaction, closing right before Christmas. Read More »
Berkadia Closes First Freddie Mac Structured Pool Transaction For Seniors Housing

Berkadia Closes First Freddie Mac Structured Pool Transaction For Seniors Housing

by | Dec 19, 2018 7:00 am | Financings

Berkadia combined both fixed and variable rate debt in their latest transaction closed on behalf of Brookdale Senior Living. Using Freddie Mac’s new Structured Pool Transaction program, Heidi Brunet and Lisa Lautner secured 10-year, non-recourse financing with a 30-year amortization schedule split between a $213 million fixed-rate component and a $114 million variable-rate component. Some 28 properties and 2,200 units were refinanced with the loans, and through Freddie Mac’s Green Advantage program they will be able to make environmental upgrades. This is the first Structured Pool Transaction in the seniors housing industry, but with the interest rate risk diversification it provides, look... Read More »
Berkadia Bonanza

Berkadia Bonanza

by | Sep 28, 2018 7:03 am | Financings

Berkadia closed over $200 million in loans this month, in both its Proprietary Bridge Lending and Commercial Mortgage platforms. Beginning with its agency transactions, Berkadia’s Jay Healy secured HUD loans totaling over $36 million for two skilled nursing facilities clients. The larger loan, at $29.5 million, was arranged on behalf of a repeat client of Berkadia to retire bridge debt used to acquire three skilled nursing facilities in Colorado, Kansas and Nevada. Acquired in 2017, the facilities total 110 beds and average 94% occupancy. The smaller $6.7 million loan refinanced a 47-bed, 11-year old SNF in New Mexico owned and operated by two other repeat clients of Berkadia. Then, Rafael... Read More »