Fast HUD Financing From Lancaster Pollard

Aaron Becker of Lancaster Pollard led the way in arranging an $11.9 million HUD refinance of a 54-bed skilled nursing facility in Pittsfield, Massachusetts. Owned and operated by long-standing Pittsfield-area not-for-profit organization, Berkshire Retirement Home, Inc., the facility was built in 2014 to replace Berkshire’s original SNF. Conventional bank financing, with a floating interest rate, […]

Monticello In Music City

One of Monticello Asset Management’s investment vehicles originated $16.48 million in first lien debt to finance the acquisition of a 119-bed skilled nursing facility in Nashville, Tennessee, with the experienced owner/operator buyer looking to refinance through HUD in the coming years. Built in 1970 and completely renovated and expanded in 2013, this facility has a […]

Monticello Asset Management Assists New York SNF With Bridge Financing

One of New York City-based Monticello Asset Management‘s investment vehicles originated $8.03 million in first lien debt on behalf of the new owner of a 140-bed skilled nursing facility in New York. Leroy Operating, LLC (the borrower) used the funds to purchase the 40-year old facility, which currently has a five-star rating from CMS. In addition to […]

Meridian Capital Group Closes Almost $200 Million In Three Financings

Meridian Capital Group made news this month, closing nearly $200 million in financings in three separate transactions. The largest, by far, was a $136 million acquisition loan that financed the purchase of 10 skilled nursing facilities located throughout Ohio. A balance sheet lender provided the loan, which came with a five-year term, 25-year amortization schedule […]

Greystone Refinances Upstate New York Skilled Nursing Facility

A 112-bed skilled nursing facility in Niskayuna, New York (near Schenectady) will have the funds to upgrade its services and amenities thanks to a $27.05 million HUD refinance arranged by Fred Levine of Greystone. Current amenities already include an on-site salon, private dining space and a newly renovated dining area, and the facility provides sub-acute […]

KeyBank Real Estate Capital Refinances Two Pennsylvania Properties

A large regional owner/operator in the Northeast refinanced two of its senior care facilities through HUD, with the help of John Randolph of KeyBank Real Estate Capital. Located in Pennsylvania, the properties include a 180-bed skilled nursing facility and a 120-bed skilled nursing facility, the latter of which also features a 73-bed independent/assisted living wing.