• 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 »
Cambridge Secures Loans for Two Illinois SNFs

Cambridge Secures Loans for Two Illinois SNFs

by | Sep 2, 2021 11:16 am | Financings

Cambridge Realty Capital Companies has secured HUD loans to refinance two skilled nursing facilities in Illinois. The first, Alden Town Manor, is a 249-bed facility in Cicero. It is receiving a $12.72 million loan, which is fully amortized with a 25-year term. The other facility is Alden Princeton Rehabilitation and Health Care Center in Chicago, which has 225 beds and will receive $7.84 million. The loan is fully amortized and comes with a 40-year term. Both facilities are owned by a limited liability company in Illinois. Read More »
Cambridge Realty Provides Loan for SNF Refinancing

Cambridge Realty Provides Loan for SNF Refinancing

by | Aug 17, 2021 4:37 pm | Financings

Cambridge Realty Capital Companies has provided a $14.1 million HUD loan to refinance Alden Estates of Barrington, a 150-bed skilled nursing facility in Barrington, Illinois. The fully-amortized, 40-year loan was provided for the owner, an Illinois limited liability company.  Short-term rehabilitation, transitional care, and post-acute services are all available at Alden Estates of Barrington. It offers four exclusive medical programs: OrthopedicPro™, CardioPro™ PulmonaryPro™, and NeuroStrokePro™. It was built in 1986.  Read More »
Cambridge Realty Capital Secures Illinois HUD Refinance

Cambridge Realty Capital Secures Illinois HUD Refinance

by | Apr 14, 2021 8:46 am | Financings

Cambridge Realty Capital Companies refinanced a large skilled nursing facility in Rockford, Illinois (near the Wisconsin border) with a HUD loan. Built in 1963 and now featuring 270 beds, the facility is owned by an Illinois-based LLC.   It provides short-term rehab care in both semi-private and private units. Services include orthopedic, cardiac, pulmonary and neuro-stroke rehabilitation, behavioral health and on-site dialysis. To refinance an existing HUD mortgage, Cambridge arranged a new $12.04 million loan with a fully amortizing, 35-year term.  Read More »
Cambridge Ends Year With 13 Closings

Cambridge Ends Year With 13 Closings

by | Jan 8, 2021 12:47 pm | Financings

Cambridge Realty Capital just announced its fourth quarter closings, which numbered 13 transactions valued at $100 million. That brings the firm’s 2020 total activity to 40 closings and $415 million in dollar volume, the second-highest number of annual closings in Cambridge’s history. The 40 properties that were financed were primarily nursing facilities and totaled 5,254 beds or units across several states.  The largest deal was a $16.9 million loan closed for a senior care facility in Peru, Illinois, with 94 skilled nursing beds, 68 assisted living units and 36 sheltered care beds. Other highlights include a $9.7 million loan for 164-bed skilled nursing facility in the... Read More »
New Jersey SNF Gets HUD Refinance

New Jersey SNF Gets HUD Refinance

by | Sep 24, 2020 5:11 pm | Financings

Cambridge Realty Capital Companies secured a HUD refinance for a 102-bed skilled nursing facility in Madison, New Jersey. Previously owned by Extended Care Clinical, the facility last sold in 2016 for $8.3 million, or $81,400 per bed, to a family owner/operator.   Built in 1947 with 102 beds in two stories, the facility provides both short- and long-term care, with a subacute rehab center in a separate wing. Services range from orthopedic and trauma care to stroke, cardiac, tracheostomy and wound care. There are also on-site EKG’s, lab services and bladder scans. It is located across the street from Drew University and about three miles from Morristown Memorial Hospital.  Cambridge... Read More »