• Here We Go Again With The Post

    by | May 6, 2024 12:35 am | Opinion

    The Washington Post is on the attack again, publishing a story last Friday on the overuse of 911 calls when a resident falls in assisted living or independent living, and how some towns are starting to charge seniors housing communities a fee for each 911 visit of this sort. Apparently, in some towns these 911 “fall” calls have been rising. If we... Read More »

  • Bourne Acquires AL/MC Asset (with HUD Debt)

    by | May 3, 2024 3:33 pm | Acquisitions

    Representing a regional owner/operator, Evans Senior Investments successfully sold Trinity Hills of Knoxville, an 80-unit assisted living/memory care community in Knoxville, Tennessee. Built in 2006, the community features 66 AL and 14 MC units, all serving private pay residents. Occupancy was strong at the time of marketing, at 92%, and it... Read More »

  • Berkadia Finances Clarendale Clayton

    by | May 3, 2024 3:28 pm | Financings

    Berkadia refinanced Clarendale Clayton, a best-in-class seniors housing community in Clayton, Missouri (St. Louis MSA), that offers the full continuum of care in a high-end, resort-style setting. Opened in 2021, the 13-story property features 283 units of independent living, assisted living and memory care.  Managing Director Austin Sacco of... Read More »

  • Multifamily Investor Buys Ohio IL Community

    by | May 3, 2024 3:25 pm | Acquisitions

    An independent owner/operator chose to strategically divest its 102-unit independent living community in a prominent suburb of Cleveland, engaging Blueprint to get the deal done. Built in the late 1980s, the purpose-built community was stabilized, cash-flowing and well occupied. Plus, there was upside through a capital deployment plan. Few of... Read More »

  • Dwight Capital Announces Q1 Activity

    by | May 3, 2024 3:23 pm | Acquisitions, Financings

    Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed $152.5 million in transactions during the first quarter of 2024. Among the transactions were a $44 million bridge loan for a 369-bed, seven-story skilled nursing facility in the Southwest U.S. The bridge loan, which closed in conjunction with a $5 million revolving line of... Read More »
Cambridge Refinances Service-Rich SNF

Cambridge Refinances Service-Rich SNF

by | Aug 2, 2019 10:58 am | Financings

Hymie Barber of Cambridge Realty Capital Companies arranged a HUD LEAN loan to refinance a 131-bed skilled nursing facility in West Orange, New Jersey. The fully amortized, 33-year loan was arranged for a New Jersey LLC and replaced existing debt. The facility offers a full suite of skilled care services, including orthopedic rehabilitation, a congestive heart failure program, wound care, TPN, IV Therapy, trauma rehabilitation, cardiac drip, stroke care and rehabilitation, tracheostomy care, post-surgical care, physical therapy, patient-controlled analgesic pump pain management, cardiac care congestive heart failure program and respite care, to name a few. There are also several unique... Read More »
High Quality SNF Refinances with Cambridge Realty Capital Companies

High Quality SNF Refinances with Cambridge Realty Capital Companies

by | Jun 27, 2019 12:49 pm | Financings

A skilled nursing facility with an array of post-acute services just refinanced through HUD with the help of Cambridge Realty Capital Companies. Located in Madison, New Jersey, the 102-bed facility is situated across the street from Drew University and about three miles from Morristown Memorial Hospital. It provides IV therapy, tracheostomy care, wound care, stroke care, orthopedic and trauma rehab, pain management and physical therapy in a combination of private and semi-private rooms. There is also concierge service, restaurant-style dining and an on-site beauty/barber shop, plus other amenities. Those bells and whistles don’t directly improve care quality, but they certainly help in... Read More »
Cambridge Refinances Texas Senior Living Community

Cambridge Refinances Texas Senior Living Community

by | Apr 18, 2019 2:19 pm | Financings

Cambridge Realty Capital Companies arranged a HUD refinance of an assisted living/memory care community in Sherman, Texas. Built in 1982 and featuring 49 units, the community is owned by a Texas limited liability company, but according to our M&A database, it was last acquired in 2015 by a non-traded REIT. At the time it was 98% occupied and was purchased for $5.2 million, or about $106,100 per unit. The community is now being refinanced by a $4.645 million HUD loan with a 30-year term. Read More »

Cambridge Replaces Bridge Loan at Illinois Skilled Nursing Facility

by | Jan 2, 2019 11:29 am | Financings

Cambridge Realty Capital Companies returned to Glenview, Illinois to retire the original bridge loan it provided for a 144-bed skilled nursing facility with a HUD refinance. The previous financing, consisting of a $20 million bridge loan and a $1 million asset-based loan, was provided in November 2017 to an Illinois LLC to acquire the facility, which provides skilled nursing, wound, colorectal and respite care, along with a Progressive Supranuclear Palsy support group. Now, just 13 months later, Cambridge is refinancing the facility with a $21.2 million HUD loan, with a 35-year term. Read More »
Cambridge’s Cahokia Closing

Cambridge’s Cahokia Closing

by | Oct 18, 2018 7:08 pm | Financings

Cambridge Realty Capital Companies provided a $3.9 million HUD loan to refinance the a 150-bed skilled nursing facility in Cahokia, Illinois. The fully amortizing, 35-year term loan was arranged for the property’s owner, an Illinois limited liability company, and the interest rate was not disclosed. Read More »