• Southern California CCRC Refinances and Expands with Truist Financing

    by | Sep 24, 2020 5:20 pm | Financings | 0 comments

    To support the refinance and expansion of a not-for-profit CCRC in southern California, Truist Financial Corporation announced that it served as the sole lender of a $42.4 million loan. Originally developed in 1947, the community has grown on its 50-acre campus in La Verne, California to include 226 independent living units, 48 assisted living... Read More »

  • Blueprint Sells Oregon Community

    by | Sep 24, 2020 5:18 pm | Acquisitions | 0 comments

    A memory care community in Coos Bay, Oregon may have closed a couple of years ago, but a new owner recently took over the building thanks to Dan Mahoney and Blake Bozett of Blueprint Healthcare Real Estate Advisors. Built in 1998, this 55-unit memory care community is located in Coos Bay on the central Oregon coast. Its previous owner originally... Read More »

  • New Jersey SNF Gets HUD Refinance

    by | Sep 24, 2020 5:11 pm | Financings | 0 comments

    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... Read More »

  • Home Health Care & Hospice Sees Busy M&A Week

    by | Sep 24, 2020 5:07 pm | Acquisitions | 0 comments

    It was a busy week for home health & hospice (HH&H) transactions. Results from our Deal Search Online database show there were four announced last week alone, half of September’s total so far. Half of the deals were completed by private equity-backed companies, which highlights the continued interest in HH&H from PE firms.  Jet... Read More »

  • Many Impacts of COVID, But “Stupidity” Factor May Grow

    by | Sep 22, 2020 4:17 pm | 60 Seconds, Opinion | 4 comments

    The views on where we are in this pandemic are bifurcating, just like in the acquisition market, but we are also dealing with the “stupidity” factor. Just like in the acquisition market, where values and cap rates have been bifurcating between the top “A” properties and the rest of the market, so are opinions as to the current state... Read More »
Cambridge Realty Capital Closes Two Oklahoma Financings

Cambridge Realty Capital Closes Two Oklahoma Financings

by | Dec 17, 2019 4:37 pm | Financings | 0 comments

Cambridge Realty Capital Companies closed two HUD transactions in the state of Oklahoma for a couple of skilled nursing facilities operated by Diakonos Group. The first was for a 125-bed senior care facility in Collinsville (Tulsa MSA), which received a $2.4 million loan with a fully amortizing 26-year term. The facility is comprised of 90 skilled nursing and 35 assisted living beds, with long- and short-term care plus physical, occupational and speech therapy services. Then, Cambridge arranged a $7.48 million loan, with a 28-year term, for a senior care campus in Vinita (northeast Oklahoma). The property offers 50 independent living, 25 assisted living and 127 skilled nursing beds, with... Read More »