Holiday Retirement recapitalized two of its seniors housing communities with a single $65 million adjustable-rate loan provided by Capital One. One community, with 241 independent living units, plus a separate wing with 12 assisted living units that is managed by Superior Home Care, is located in Cincinnati, Ohio. The other, with 159 IL and AL […]
After acquiring and expanding a 59-unit assisted living/memory care community in Nacogdoches, Texas, the time had come for its owners to refinance, with the help of Capital One. Originally built with 36 assisted living units in 1996, the community was previously owned by RWS Healthcare, a portfolio company of private equity firm Windward Health Partners. […]
A large healthcare campus in Tucson, Arizona recently refinanced through HUD, with the help of Joshua Rosen at Capital One. After originally opening in 1964, the campus has since expanded in 1977 and 1990 to currently feature 24 independent living, 19 assisted living and 270 skilled nursing beds (across 132 units). Its experienced owner/operator had […]
Capital One pulled double duty for its client, Healthcare Trust (HTI), arranging more than $145 million in total financing. First, back in December, the firm served as administrative agent and sole lender for an $82 million senior secured credit facility, which provided bridge-to-agency financing for a 23-property seniors housing portfolio located in six states (primarily […]
A skilled nursing facility in Oak Brook, Illinois (Chicago MSA) that has undergone several changes in recent years refinanced its debt with Capital One. Built in stages from 1971 to 1989, with a therapy gym constructed in 2007, the facility is currently owned by a private owner/operator with other properties in the state. A number […]
Capital One released its annual survey results from more than 150 senior executives about the 12-month outlook for various issues in seniors housing and skilled nursing. Despite record-high acquisition prices, 37% of the respondents believe acquisitions of existing facilities represent the biggest opportunity, with 30% believing repositioning existing properties represents the best opportunity. In addition, […]
Capital One flexed its banking muscles when it provided just over $551 million in financing to Kayne Anderson Real Estate Advisors (KAREA) for its purchase of Sentio Healthcare Properties. Announced back in May, the high-profile acquisition included all 34 of Sentio’s seniors housing and medical office properties, and was valued around $825 million. To fund […]
Since the start of July, Capital One has closed a flurry of deals for seniors housing and care borrowers, and has crisscrossed the country doing so. The bank has so far provided a $27.2 million HUD refinance for three skilled nursing facilities in Tennessee, a $12 million HUD loan for a Portland, Oregon-area SNF, $77.7 […]
Presitge Care killed two birds with one stone in its latest transaction with Capital One. The Oregon-based owner/operator of senior care facilities in the Pacific Northwest received a $41.1 million first mortgage from Capital One to both finance the acquisition of four seniors housing and skilled nursing facilities (which was announced last August) and refinance […]
In one of the largest financings of the July, Capital One provided a $77.7 million loan to Pacifica Companies to refinance nine seniors housing communities in Arizona, California, Florida, Oregon and Utah. The loan consists of $67.7 million in initial funding plus an earn-out feature, which is contingent on specific conditions. That gives Pacifica the […]