Austin-Area Assisted Living Gets HUD Financing

An experienced ownership group went through Housing and Healthcare Finance (HHC Finance) to refinance its conventional debt on its 32-unit assisted living/memory care community in Kyle, Texas. Located about 15 miles south of Austin, the community was built in 2014 (around when development was especially heating up in certain markets in Texas) and currently operates at […]

Affordable Housing Complex To Get A Make-Over

Cambridge Realty Capital left its comfort zone of financing skilled nursing facilities, arranging a $32.7 million HUD-insured loan that was funded by tax-exempt bonds, with owner’s equity facilitated by low-income housing tax credits. The combination refinanced a 211-unit affordable elderly housing complex in Baltimore, Maryland. The extra funds are to be used to modernize the […]

CFG Rolls Into Spring

Capital Funding Group hit the spring running, closing eight deals worth just under $109 million. Six of the financings were HUD and the remaining two were bridge-to-Hud loans. Craig Casagrande closed two HUD financings in New Jersey. The first was a $16.3 million HUD loan for a 176-bed skilled nursing and assisted living facility, and […]

Lancaster Pollard’s Active April

Lancaster Pollard closed a trifecta of transactions this month. The largest was a $23.4 million HUD loan closed on behalf of Hillcrest Health Services to refinance its skilled nursing facility in Papillion, Nebraska. Located on the 44-acre senior living community of Hillcrest Country Estates, the SNF features 126 skilled nursing beds and 12 independent living […]

Monticello Gets A “W” In New York

One of Monticello Asset Management’s investment vehicles provided $31.21 million in first lien debt for The W Group to fund the acquisition of a 200-bed assisted living community in Staten Island, New York. Built on a 0.81-acre property in 1974, with an additional fifth floor built in 1999, the community consists of 116 beds licensed […]

skilled nursing, wheel chair, money
skilled nursing, wheel chair, money

Monticello Finances Skilled Nursing and Adult Day Care Acquisition

An experienced skilled nursing owner, whose principals have over 40 years of experience in the health care industry, obtained financing to acquire a skilled nursing facility and two adult day care facilities in New York. One of Monticello Asset Management’s investment vehicles originated $45.3 million in first lien debt financing for Nesconset Property NY LLC […]