Speaking of backyards, Grandbridge Real Estate Capital arranged $35 million in Freddie Mac financing for a one-year old assisted living and memory care community in Norwalk, Connecticut. The 10-year, fixed-rate loan has a 30-year amortization. The community is located a mile from our main office. The property was developed by The Shelter Group and its […]
Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group announced its latest closing, facilitating a $14.5 million first mortgage for a 163-unit seniors housing community in Kansas City, Missouri. An insurance company provided the loan, which came with a 20-year term and a fixed rate. Originally built in 2014, the community in question followed […]
Two Portland, Oregon-area seniors housing communities received financing from Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group, headed by Richard Thomas and Meredith Davis. Starting in Portland proper, the team closed a $12 million non-recourse loan for a 58-unit assisted living/memory care community that at one point was the last acquisition of Sunwest […]
A brand-new seniors housing community is being built in Aiken, South Carolina (Augusta, Georgia MSA) with the help of a construction loan arranged by Richard Thomas and Meredith Davis of Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group. The 74-unit/80-bed to-be-built community is being developed by Principal Senior Living Group and will feature […]
It was recently announced that Grandbridge Real Estate Capital closed $125 million in financing to assist in the acquisition of four Town Village-brand independent living communities in four states. A joint venture between Chicago Pacific Founders and Grand Park Capital Management (owned by former Brookdale Senior Living executives John Rijos and Bill Doniger, respectively) was […]
As we are about to travel from the New York City area to Washington, D.C. for the upcoming NIC Fall Conference, we must take note of two teams that did that trek probably a number of times recently. Grandbridge Real Estate Capital provided through its proprietary lending platform, BB&T Real Estate Funding, a $43.5 million […]
Three years after opening on a piece of land that was a former ski slope in North Andover, Massachusetts, a 133-unit senior living community is refinancing its debt with the help of Richard Thomas of Grandbridge Real Estate Capital. Built by Shelter Development at a cost of approximately $20 million, the community is operated by […]