Blueprint Closes Two Large Skilled Nursing Deals
Blueprint Healthcare Real Estate Advisors closed a couple of sales in the Old Northwest. First, Amy Sitzman and Michael Segal represented Sioux Falls, South Dakota-based The Evangelical Lutheran Good Samaritan Society in the not-for-profit’s sale of three Wisconsin skilled nursing facilities. Considered to be non-core, these facilities feature 162 skilled nursing beds, 19 independent living units and 12 age-restricted apartments. They were originally built in 1960s but had maintained a good reputation. In addition, occupancy and quality mix were strong, but despite high per-resident-day revenues, expenses ran too high. Expense management will be the job of the new owner/operator, which is... Read More »
Dwight Capital Stays Active in 2019
Dwight Capital has closed a slew of bridge financings in the last couple of months totaling more than $17 million. These transactions included a $3.96 million bridge loan for a 120-bed skilled nursing facility in Overland Park, Kansas, a $2.34 million loan for a 32-bed assisted living community in Hinsdale, New York and a $3.77 million acquisition loan for a 116-bed SNF in Cape May Court House, New Jersey that was bought by an owner/operator of several other facilities in the state. Dwight Capital also funded the acquisition of a skilled nursing portfolio in Wisconsin (in a sale led by Amy Sitzman and Michael Segal of Blueprint Healthcare Real Estate Advisors) with a $3.7 million loan... Read More »
Dwight Capital Closes the Bridge
Dwight Capital had a busy February for bridge loans, closing four separate loans for more than $13.7 million. The bridge loans included $3.96 million for a 12-bed skilled nursing facility in Kansas and a $3.7 million loan for a three-facility, 193-bed portfolio that was sold by a not-for-profit to a repeat client of Dwight Capital. In addition, the Dwight team closed a $3.77 million bridge loan on a 116-bed SNF in New Jersey for a buyer that owns and operates several facilities in the state. Finally, they closed a $2.34 million bridge loan on a 32-bed assisted living community in New York. Once the HUD refinancing is completed, Dwight Capital will be providing a supplemental loan for the... Read More »
Dwight Capital Dials in On Bridge Lending
Dwight Capital closed over $80 million in healthcare transactions in the last couple of months. The closings included four bridge loans arranged for skilled nursing facilities across the country. A large 240-bed SNF in Memphis, Tennessee obtained the largest one totaling $22.7 million, while a 109-bed facility in Atlanta, Georgia and an 82-bed SNF in Salina, Kansas received $5.3 million and $3.7 million loans, respectively. Dwight wrapped up its bridge activity with a $13.2 million arranged on behalf of two skilled nursing facilities with 256 combined beds in Ohio. Dwight Capital spread its wings and secured several other types of loans in the same span. The team refinanced a 90-bed... Read More »Schedule a demo
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