This covers all news and financings involving Freddie Mac, in regard to the seniors housing and care industry.
One of Watercrest Senior Living Group’s success stories just reached stabilization and refinanced with the help of Chris Fenton of PGIM Real Estate Finance. Developed at an approximate cost of $17 million, or $191,000 per unit, in Sebastian, Florida, the 89-unit property opened in May 2016 and shot out of the gates in its lease-up, […]
Washington State-based senior living operator, Highgate Senior Living, refinanced two of its communities in the Pacific Northwest with the help of Grandbridge Seniors Housing and Healthcare Finance Group. Richard Thomas originated the Freddie Mac loans, which included an $8.5 million first mortgage for an assisted living/memory care community in Bellingham, Washington (about 30 miles southeast […]
The Reliant Group is going green with its latest acquisition in Fresno, California, thanks to financing arranged by Aron Will, Austin Sacco, Andrew Behrens and Jesse Weber of CBRE. Built in 1989 and since then, the target features 200 units of independent living and assisted living spread across seven buildings, including one main three-story building. […]
Blueprint Healthcare Real Estate Advisors has been anything but a wallflower this year in seniors housing and care deal making and continued their 2018 haul with two more transactions announced at the start of NIC. First, in Dayton, Ohio, Connor Doherty and Michael Segal sold an 87-bed skilled nursing facility that came with a lot […]
Berkadia closed over $200 million in loans this month, in both its Proprietary Bridge Lending and Commercial Mortgage platforms. Beginning with its agency transactions, Berkadia’s Jay Healy secured HUD loans totaling over $36 million for two skilled nursing facilities clients. The larger loan, at $29.5 million, was arranged on behalf of a repeat client of […]
CBRE’s Aron Will has been on a roll lately, having just closed his fifth transaction in under a month. The latest helped fund the acquisition of four seniors housing communities in the Louisville, Kentucky and Indianapolis, Indiana MSAs. They actually represent the stabilized properties within a seven-property portfolio acquisition (totaling 688 units) that CBRE also […]
Working on behalf of The Powell Family, an active developer/operator of single family, multifamily, retail/commercial and seniors housing in the Seattle, Washington area, Mark Capeloto and Aron Will of CBRE arranged Freddie Mac financing for their 167-unit senior living community in Federal Way. Situated on 12.87 acres, the community offers independent living and assisted living […]
Charlie Shoop of KeyBank Real Estate Capital has been hard at work arranging two financings from two different agencies. First, through Freddie Mac, Mr. Shoop originated a $26 million loan to facilitate the acquisition of a 175-unit independent living community in Dallas, Texas. The floating-rate loan came with a seven-year term, four-year interest only period […]
Just over a year after opening, a 130-unit senior living community in Folsom, California (Sacramento MSA) has already stabilized, leaving one of its partners to look for an exit. A joint venture between developer Tenfold (formerly Shamrock Holdings), operator Artēgan and a global investment manager originally opened the community in February 2017 and oversaw an […]
The CBRE National Senior Housing group flexed its muscles this week, closing two acquisition financings and an asset sale. First, Lisa Widmier represented HCP in its divestment of a 159-unit independent living/assisted living community in Beaumont, Texas, for an undisclosed price. Featuring a majority of independent living units, the community was built in 1996. Under […]