• 60 Seconds with Steve Monroe: Record M&A Year, Again

    by | Nov 12, 2025 8:47 am | 60 Seconds, Acquisitions, Statistics

    You may start to get tired of hearing us talk about all the records being set, but we will never tire of it. As of November 11, we have passed last year’s record of total acquisitions in the seniors housing and care sector, now standing at over 720 deals, according to LevinPro LTC. And we thought last year was an amazing year! The good news is... Read More »

  • Regional Owner/Operator Acquires in North Carolina

    by | Nov 12, 2025 8:44 am | Acquisitions

    A skilled nursing facility with 130 beds recently sold in North Carolina. It was 53% occupied and not stabilized at the time of sale. According to LevinPro LTC, the purchase price was one of the highest per-bed prices we have seen in the state, at $21 million, or $161,500 per bed. The seller, a North Carolina-based owner/developer that had owned... Read More »

  • Tennessee Community Trades in Receivership Sale

    by | Nov 12, 2025 8:43 am | Acquisitions

    Blueprint recently announced a few closings involving a prominent lender and special services seller. The first was in Raleigh, North Carolina, and was handled by Kyle Hallion, Kory Buzin and Steve Thomes. Buzin and Thomes facilitated the second deal, selling Knollwood Point in Mobile, Alabama. The pair also sold The Pointe at Kirby Gate in... Read More »

  • Northeast-Based Owner/Operator Expands in Georgia

    by | Nov 12, 2025 8:23 am | Acquisitions

    Daniel Geraghty, Bradley Clousing and Nick Cacciabando of Senior Living Investment Brokerage were engaged in the sale of a skilled nursing facility with 100 beds in College Park, Georgia. At the time of sale, the facility was operating at a loss. The seller was a national owner of long-term care and seniors housing assets across the country, and... Read More »

  • Provident Bank Funds Portfolio Refinance and Recapitalization

    by | Nov 12, 2025 8:11 am | Financings

    Tom Cassidy of Provident Bank’s Healthcare Lending team provided funding to a regional owner/operator in the Southeast. The new client, a family business, secured a $29.84 million portfolio refinance and recapitalization of four stabilized seniors housing communities in Florida. The well-performing portfolio totals more than 250 units across a... Read More »

CBRE helps refinance successful community

by | Sep 18, 2015 8:30 am | Financings

A 100-unit independent living community well located in Carmichael, California with a strong occupancy history was recently refinanced with the help of CBRE. Aron Will of CBRE National Senior Housing and Kevin Randles of CBRE’s Debt and Structured Finance office arranged a $12 million fixed-rate loan from Fannie Mae. CBRE Multifamily Capital originated the loan on behalf of the borrower, Ray Stone, Inc., which operates five other communities with over 800 units in California and has operated the Carmichael community since its opening in 2003. Occupancy has ranged from 95% to 99% in the last few years, with rents starting at $1,500 a month and going up to about $4,000 a month. The refinance... Read More »

Freddie Mac welcomes newest lender

by | Aug 7, 2015 8:31 am | Financings

Arbor Commercial Mortgage is fast diversifying its seniors housing lending platform. In June, the company closed its first bridge loan. In July, Fannie Mae approved Arbor as a Seniors Housing DUS Lender. And now in August, it was appointed as Freddie Mac’s latest Seniors Housing Lender, one of just 15 others in the country. Arbor kicked off this new relationship by providing a $12.1 million loan to refinance a 98-unit assisted living community in Mesquite, Texas. Built in 1999 and renovated in 2013, the community had an average occupancy rate of 96.5%. Jeff Ringwald, SVP of Seniors Housing & Healthcare for Arbor, closed the loan which featured a 10-year term and 30-year amortization... Read More »

Arbor Commercial Funding adds Fannie Mae program

by | Jul 10, 2015 9:30 am | Financings

Already having been one of the Top 10 Fannie Mae DUS Multifamily lenders by volume for some time (with over $1.6 billion in transactions in 2014) and the Top Fannie Mae Small Loan Lender in 2014, Arbor Commercial Funding, a subsidiary of Arbor Commercial Mortgage, was just approved as a Fannie Mae Seniors Housing DUS Lender. Under the new program, which will be headed by COO, John Caulfield, Arbor will look to provide non-recourse financing from Fannie Mae for independent living, assisted living and memory care communities. With the program in its infancy, there have been no transactions yet, but the pipeline is building. Since fully developing their Seniors Housing and Healthcare Finance... Read More »

KeyBank provides $635 million Fannie Mae credit facility

by | Apr 8, 2015 7:59 pm | Financings

KeyBank provoked some conversation at the recent NIC Conference after announcing that it would provide a $635.6 million Fannie Mae credit facility to subsidiaries of Senior Housing Realty Trust, a Maryland-based REIT owned by an affiliate of Senior Resource Group and its institutional partners. The facility came with a 10-year term (with 10 years of interest only) and a fixed rate, plus the option for releases, additions, substitutions and the capacity to expand with additional fixed or floating debt. KeyBank will also be able to provide flexible financing solutions ranging from balance sheet to permanent mortgage loans. The 12 properties that are being refinanced with this facility are... Read More »

NHI/Bickford continuing to grow

by | Mar 31, 2015 6:44 pm | Developments

As many of you may know, National Health Investors and Bickford Senior Living are in the middle of their joint venture to build 36 assisted living/memory care communities in eight states. The joint venture is mostly funded with borrowings on NHI’s unsecured bank credit facility, but KeyBank National Association recently announced that it secured $78 million in Fannie Mae financing for 13 of the joint venture’s properties, consisting of interest-only payments at 3.79% and a 10-year maturity. The proceeds of the loan will go towards reducing borrowings on NHI’s credit facility. Read More »