HHC Finance Capital Advisory Group’s Billion-Dollar Year
It was quite the year for Housing & Healthcare Finance’s Capital Advisory Group, which just about doubled its loan volume from about $510 million in 2017 (just its first full year in business) to over $1 billion in 2018. That impressive haul came from more than 60 bridge loans and credit facilities closing for skilled nursing and assisted living properties across 22 states. Isaac Haas and Neil Gamss (who was a panelist on our recent webinar about, you guessed it, bridge loans) have led the group since its inception in late-2016. Not only has their growing volume been impressive, but their transaction speed too, closing one $12 million bridge loan for a skilled nursing facility in... Read More »
Great Financing Product For Acquisitions
Bridge loans are becoming increasingly important for acquisitions and renovations projects. Find out the details on this important webinar. If you are in the market for acquisitions, especially value-add acquisitions, or you want to do some major renovations on your existing building, do I have a financing product for you. I am talking about bridge loans, which are basically short-term loans to get you from point A to point B with your real estate. Their popularity has been increasing in the past few years, with more lenders and more types of products, providing even more liquidity to the seniors housing and care sector than before. Plus, some of the bridge lenders have created their own... Read More »
HHC Finance Wrapping Up 2018 With Two Northeast Transactions
Seniors housing and care M&A may be slowing towards the end of 2018, but the lenders are still closing plenty of transactions. One of them, Housing & Healthcare Finance (HHC Finance), closed two HUD loans totaling $31 million for a couple of East Coast skilled nursing facilities owned by experienced regional operators (and repeat HHC customers). The smaller loan (for $6 million) was closed for a 108-bed SNF in southern New Jersey and refinanced existing conventional debt. Although it received several improvements in recent years, the facility was built in the mid-1960s and was occupied in the high-80s. The other loan was closed for a large 238-bed skilled nursing facility in... Read More »
People on the Move, October 2018
After four years of investing in seniors housing communities with Silverstone Health Care Real Estate, an investment platform she co-founded which produced equity returns over of 250%, Stephanie Anderson is now a national sales director with Housing & Healthcare Finance, based in the Boston area. Before Silverstone she was with Health Care REIT, GE Healthcare Finance and Ventas, all of which provided a great background for her new position….Walker & Dunlop has hired Michael Davis as senior vice president in its FHA finance group, who will be working on HUD, Fannie Mae and Freddie Mac loans for W&D’s seniors housing and care clients. Justin Hill has joined JLL Capital Markets as... Read More »Schedule a demo
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