• Greystone Closes Large CLO

    Greystone closed a large collateralized loan obligation (CLO) composed solely of healthcare assets. Greystone CRE Notes 2025-HC4, LLC is a $451.6 million commercial real estate CLO backed exclusively by bridge loans provided by Greystone. The transaction marks the firm’s eighth overall CRE CLO and the industry’s fourth-ever CRE CLO composed... Read More »
  • Fortress Investment Group Divests Arizona Asset

    JLL Capital Markets has closed the sale of Inspira Arrowhead, a 165-unit seniors housing community in Glendale, Arizona. The community was under the ownership of Fortress Investment Group funds for just 18 months, but in that time occupancy rose from 89% to 94% and NOI improved by 35%. Fortress bought the asset in April 2024 in a joint venture... Read More »
  • Stacked Stone Makes Another Acquisition

    Stacked Stone Ventures, a real estate investment firm founded by Kent Eikanas, followed up on its October acquisition in Oklahoma with the purchase of two assisted living/memory care communities in Illinois, near the St. Louis MSA. Similar to the Oklahoma deal, Stacked Stone has made Illinois acquisition in a joint venture with the private equity... Read More »
  • Blueprint Handles Large SNF Deal in Pennsylvania

    Not-for-profit to for-profit are not easy, and it took a two-year process for Blueprint to successfully close the sale of a 250-bed skilled nursing facility in Philadelphia, Pennsylvania. The property appears to be Cheltenham Nursing & Rehabilitation, one of three skilled nursing facilities owned by Dublin, Ohio-American Health Foundation... Read More »
  • JDI Realty Buys Alpharetta Asset

    A partnership recently acquired Chapters Living of Alpharetta, a 79-unit assisted living/memory care community in Alpharetta, Georgia (Atlanta, MSA). Built in 2013, the high-quality community was previously known as Addington Place of Alpharetta. JDI Realty, in partnership with Purity Strategies and Chapters Senior Living, bought the community... Read More »
How does Harborview do it?

How does Harborview do it?

Harborview Capital Partners has been knocking it out of the park recently, as many of you will read in the December issue of The SeniorCare Investor, which is landing on desks early next week. The firm has closed a significant amount of business since November 1, and the transactions just keep on coming. Eli Kutner originated a $30 million bridge-to-HUD refinance of a 133-bed skilled nursing facility in West Hollywood, California, which also provided net cash-out proceeds to the borrower in excess of $12 million. The loan came with a LIBOR+2.86 interest rate, two-year term with one-year extension options, 24 months of interest-only payments, and a 25-year amortization. Ephraim Kutner and... Read More »

The Art of Funding the Deal

Eli Kutner of Harborview Capital Partners has been busy of late, closing five acquisition loans that ranged from $3.19 million up to $34.89 million. That largest deal funded the purchase of two skilled nursing facilities (totaling 496 beds) in the towns of Gallatin and Lebanon, Tennessee (Nashville MSA). The loan featured an interest rate of LIBOR+2.85, a 25-year amortization and a three-year term. Staying in the Southeast, the smallest transaction, a $3.19 million loan with an interest rate of LIBOR+3.25, 20-year amortization and three-year term, financed the acquisition of a 135-bed skilled nursing facility in Tampa, Florida. Harborview stayed in the Northeast for the three remaining... Read More »
Harborview hits a triple

Harborview hits a triple

In three separate transactions, Harborview Capital Partners closed over $40 million in financing and showed off its variety of services in turn. Ephraim Kutner and Jonathan Kutner of the commercial real estate finance, equity and advisory firm first arranged a $10.6 million HUD loan with a 30-year term on behalf of a Chicago-based borrower to refinance a 115-bed assisted living community in St. Paul Minnesota. Harborview also closed two bank loans. One, led by Jonathan Kutner and David Chiger, involved a $16 million refinance of an Illinois skilled nursing facility. The five-year loan will pay off existing debt and provide cash-out proceeds to the Chicago-based borrower. And then Jonathan... Read More »