• 60 Seconds with Swett: Getting Realistic with New Development

    The positive mood at the NIC Fall Conference was contagious, as dealmakers were looking forward to a potential record-breaking fourth quarter. We at LevinPro are also gearing up to cover a new elevated level of M&A activity and pricing in the coming months, with our updated valuation tool better accounting for today’s market and the estimated... Read More »
  • NHC Responds to NHI

    National Healthcare Corporation, the tenant of 32 of National Health Investor’s skilled nursing/senior care facilities and three independent living communities, is disputing NHI’s determination of default after the landlord formally notified the operator that it was in default and must cure the default within 30 days to avoid an Event of... Read More »
  • REIT Acquires High-Quality Continuum of Care Community

    Blueprint facilitated the sale of a Class-A seniors housing community in Jasper, Georgia. Built in 2022, The Lodge at Stephens Lake includes 83 units of independent living cottages, assisted living and memory care. It is adjacent to a large active adult development and benefits from significant planned residential and commercial growth. At the... Read More »
  • Legend Senior Living Adds Allentown-Area Asset

    A Class-A, well performing property outside of Allentown, Pennsylvania, traded to a joint venture between Legend Senior Living and a new capital partner. Legend previously operated The Vero at Bethlehem, which opened in July 2023 and stabilized within 18 months. At the time of marketing, the 124-unit assisted living/memory care asset achieved... Read More »
  • CFG’s Senior Care Financing Activity

    Capital Funding Group financed more than $86 million across six transactions from early to mid-August. The transactions supported two memory care communities, four skilled nursing facilities, and one psychiatric hospital in Missouri, California, Tennessee, Texas and Virginia on behalf of nationally recognized borrowers, one of which is a... Read More »
Harborview At It Again

Harborview At It Again

Harborview Capital Partners is back in the news, working on behalf of a Tennessee-based borrower to refinance its assisted living community in Putnam County, Tennessee. Avi Begun of Harborview originated a $6.34 million HUD loan, with a 35-year term, and took advantage of an early rate lock to generate savings for the community. Read More »
A Couple of Acquisition Loans From Harborview Capital Partners

A Couple of Acquisition Loans From Harborview Capital Partners

Harborview Capital Partners has been in the business of financing large acquisitions of senior care properties lately. Just last month, the firm arranged the sale and $37.4 million in HUD financing for a senior living portfolio in Arizona, and then days later, Harborview also sold a skilled nursing portfolio in Ohio and arranged a $20.7 million bridge loan to finance the deal. The team of Eli and Jonathan Kutner continued this impressive form in arranging a $20.71 million bridge loan to fund the acquisition of a skilled nursing facility in Westchester, New York (New York City MSA). The loan, provided by a national lender, featured a LIBOR-based rate and a three-year, interest-only term. In... Read More »
Another Bridge Loan Arranged By Harborview

Another Bridge Loan Arranged By Harborview

Eli Kutner, Senior Originator at Harborview Capital Partners, recently arranged a $36.3 million bridge loan to finance the purchase of two skilled nursing facilities in Nashville, Tennessee. Including both a senior acquisition loan, capex loans and an A/R line of credit, the financing features 12 months of interest only and partial recourse at 85% loan-to-cost. Mr. Kutner also arranged a competitive LIBOR+235 interest rate for all the loans. Well done. Read More »

Harborview’s Good Work

Harborview Capital Partners brought in SunTrust Bank to help refinance a portfolio of 19 senior living communities, with 917 units, located in Kentucky and Tennessee. Consisting of independent living, assisted living and memory care units, the communities are owned by Goodworks Unlimited, which operates a portfolio of 25 properties in TN and KY. Avi Begun and David Nussbaum of Harborview arranged a $68.3 million loan provided by SunTrust, featuring a five-year term and LIBOR+155 interest rate. That should position Goodworks well for future growth and expansion projects. Harborview has been quite busy the last few months, closing over 10 HUD and bank financings since November.... Read More »