• REIT Acquires Two Class-A Assets

    The team at Newmark handled the sale of two Class-A seniors housing assets in Arkansas and Texas. The Rogers community in Northwest Arkansas was built in 2023 with 221 total units, comprising 26 cottages, 109 independent living units, 56 assisted living units and 30 memory care units. The Burleson, Texas, community also opened in 2023 and... Read More »
  • Blueprint Closes Inaugural North Dakota Deal

    Ryan Kelly, Steve Thomes, Connor Doherty and Kory Buzin of Blueprint arranged the sale of a 75-bed skilled nursing facility in central North Dakota. At the time of marketing, the facility was generating positive cash flow despite operating at only 50% occupancy, highlighting a compelling opportunity for an incoming operator to drive census growth... Read More »
  • Regional Bank Provides Refinancing

    Grace Hill Capital served as exclusive financial advisor and placement agent on a refinance for a seniors housing community in Fountain Inn, South Carolina. A regional operator/borrower received the $10.33 million five-year loan with a fixed rate and one year of interest only. It was structured as a delayed draw term facility at 70%... Read More »
  • Walker & Dunlop Arranges Construction Funding

    Walker & Dunlop, Inc. arranged $40.52 million in debt and equity for the construction of The Highlands, a 137-unit affordable development for seniors in Hyattsville, Maryland. PJ McDevitt, managing director of W&D Affordable Debt, arranged the debt, and Macy Kisilinsky, senior managing director of W&D Affordable Equity, arranged the... Read More »
  • Class-A Communities Secure Bridge Financing

    BWE arranged a $52 million bridge loan for a portfolio of Class-A independent living, assisted living and memory care communities located across the Atlanta, Georgia, and Philadelphia, Pennsylvania, metropolitan areas. Ryan Stoll, National Director of Seniors Housing and Care at BWE, and Taylor Mokris, Senior Vice President of Seniors Housing and... Read More »

Capital Funding Group funds two SNF acquisitions

Capital Funding Group recently completed two bridge-to-HUD loans for the acquisition of three skilled nursing facilities. The first, an $18.29 million loan arranged by Craig Casagrande, financed the acquisition of two SNFs in Pennsylvania, totaling 256 beds. If this sounds familiar, you would be right, as the transaction, between buyer, Vita Healthcare Group and seller, a regional senior living operator, was featured in the June issue of The SeniorCare Investor. The two facilities, a 173-bed SNF (90% occupied) built in 1978 and a facility with 45 skilled nursing beds (75% occupied) and 38 personal care beds (85% occupied) built in 1968, with the skilled nursing beds added in 1996, were the... Read More »

Who’s building in St. Augustine?

Having just purchased nine acres in St. Augustine, Florida at the end of last year, Baltimore, Maryland-based Capital Health Group (CHG), an affiliate of Capital Funding Group that purchases and operates seniors housing and care facilities, is poised to break ground early in the second quarter of 2015 on a 64-unit memory care community. Although the development cost was not disclosed, CHG is responsible for finding the debt (which will cover about 65% of the total development cost and come from an existing relationship) and will provide the bulk of the equity, with its partner, Fortress Ventures, providing a smaller percentage of equity. Capital Health will bring in its affiliated... Read More »