• Sonida Senior Living On The Move

    by | May 13, 2024 2:37 pm | Acquisitions, Opinion

    It has taken a while, and a lot had to be done to strengthen the balance sheet over the past two years, but Sonida Senior Living is now on a path of growth, and recent announcements have shown it.  On May 9, the company closed on its first acquisition of the year with the purchase of a 100-unit assisted living and memory care community in... Read More »

  • Maryland SNF Portfolio Secures Refinancing

    by | May 13, 2024 2:35 pm | Financings

    First Citizens Bank’s Healthcare Finance business served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland that comprise over 1,500 beds. The borrower, a new client, is a Midwest-based healthcare real estate investment and management company. It invests in a variety of post-acute... Read More »

  • REIT Divests Eight Connecticut SNFs

    by | May 13, 2024 2:34 pm | Acquisitions

    Evans Senior Investments arranged the sale of a Connecticut skilled nursing portfolio comprising eight skilled nursing facilities in the Hartford MSA of Connecticut. The transaction, executed on behalf of a West Coast-based REIT, amounted to $60.0 million, or $54,000 per bed, for the real estate only. The existing operator was chosen as the... Read More »

  • Two Standalone Memory Care Communities Trade Hands in Illinois

    by | May 13, 2024 2:33 pm | Acquisitions

    Senior Living Investment Brokerage facilitated the sale of two standalone memory care communities in Quincy and Centralia, Illinois. The seller was a regional developer/owner/operator while the buyer was an Illinois-based owner/operator with an existing presence in the state. It has experience with the Supportive Living Program and intends to... Read More »

  • Helios Secures Working Capital for California AL/MC Community

    by | May 13, 2024 2:31 pm | Financings

    Helios secured working capital for a Southern California assisted living provider. The working capital loan is for The Artesian, a 64-unit assisted living and memory care community in Ojai, California. It was constructed in 2020 and consists of four, 16-unit buildings that utilize a universal worker model.  A capital infusion was required to... Read More »
How does Harborview do it?

How does Harborview do it?

by | Dec 8, 2016 9:03 pm | Financings

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

by | Nov 23, 2016 8:30 am | Acquisitions, Financings

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

by | Nov 11, 2016 8:30 am | Financings

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 »