• NHI Acquires Nine Communities

    National Health Investors made a large SHOP purchase, adding nine communities consisting of 460 total units across Kentucky, South Carolina and Tennessee. The properties will be managed by Allegro Living Management, an affiliate of Spring Arbor Management. NHI has an existing relationship with Spring Arbor totaling approximately $227 million in... Read More »
  • Ensign Increases Its Footprint in Three States

    The Ensign Group and its captive real estate company, Standard Bearer Healthcare REIT, are already off to a strong start this year, announcing a slew of acquisitions that were effective February 1. In one of the transactions, Ensign purchased Agave Grove Post Acute’s operations, subject to a long-term, triple-net lease with a third-party... Read More »
  • Colorado-Based Owner/Operator Expands

    Vince Viverito, Jason Punzel, Jake Anderson and Taylor Graham of Senior Living Investment Brokerage sold a seniors housing community in Arvada, Colorado, representing a single-asset owner/operator who was looking to retire. The Oberon House was built in 1970 and renovated in 1997. It features 60 units of independent living and assisted living and... Read More »
  • Not-for-Profit Acquires Underperforming CCRC

    A not-for-profit seller that built, owned and operated Arbutus Park Retirement Community recently divested the asset to another not-for-profit with the help of Toby Siefert of Senior Living Investment Brokerage. The established senior care provider/buyer, which is based in Pittsburgh, Pennsylvania, intends to continue to invest in the community.... Read More »
  • Capital Funding Group’s 2025 Financing Volume

    Capital Funding Group executed more than $3.1 billion in financings in 2025, representing a 121% increase in financing volume compared to $1.4 billion closed in 2024. The annual total comprises 175 deals, including 54 healthcare and multifamily bridge loans and other lending products, 28 HUD loans, 25 accounts receivable lines of credit and 68... Read More »
HHC Finance Refinances New York-Area SNF

HHC Finance Refinances New York-Area SNF

Several years after acquiring a 160-bed skilled nursing facility, an experienced owner/operator is refinancing with the help of Housing & Healthcare Finance. Working through HUD, HHC Finance closed a $28 million loan for the greater New York area facility, replacing higher-rate and shorter-term debt in the process. Since the acquisition, the owner has significantly improved operations and obtained a five-star rating from CMS. Still, renovations were needed at the 20-year old facility, and the HUD loan will provide for around $7 million in improvements. Read More »
Hats Off to Capital Funding

Hats Off to Capital Funding

About three years after it acquired a 140-bed skilled nursing facility in Hatboro, Pennsylvania, Vita Healthcare Group decided to refinance the property with a HUD loan provided by Capital Funding. Craig Casagrande originated the $16.1 million mortgage, which takes out the original $13.36 million bridge loan and $1.5 million working capital loan provided by the firm to support the 2016 acquisition. That original financing included a turnaround component that increased the loan amount based on projected improvements to the facility’s performance. So, assuming a roughly 90% loan-to-cost, the 2016 purchase price can be estimated just below $15 million, or $106,100 per bed. In early 2016, the... Read More »
HHC Finance’s HUD Haul

HHC Finance’s HUD Haul

The team at Housing & Healthcare Finance (HHC Finance) announced a series of six HUD closings totaling about $81 million on behalf of Cascade Capital Group and its operating affiliate Legacy Healthcare. An owner/operator of more than 135 skilled nursing facilities in 23 states (all acquired since the company’s founding in 2016), Cascade secured these HUD loans on six of its SNFs in the greater Chicago area. They all refinanced higher-rate, shorter-term conventional debt. Read More »
X-Caliber’s Excellent First Year in Bridge Lending

X-Caliber’s Excellent First Year in Bridge Lending

After only being in operation since March, X-Caliber Capital’s bridge lending group had an impressive 2018, closing $250 million in healthcare and seniors housing financings. Those transactions included everything from acquisition financings and recapitalizations to value-add and cash-out refinances. Plus, the firm will look to bring all of these loans to HUD for a permanent take-out. X-Caliber also closed out 2018 strong with three transactions in the last 45 days, including a $32 million acquisition loan for a Connecticut skilled nursing portfolio. We’ll see what’s in store for 2019. Read More »
Lancaster Pollard Shows Off Its Variety

Lancaster Pollard Shows Off Its Variety

Lancaster Pollard Mortgage Company is keeping busy, having announced two transactions for senior care assets in the Midwest. First, Brad Competty, Casey Moore and Doug Harper closed a $42 million Fannie Mae loan with a 12-year term and fixed interest rate for a CCRC client. Mr. Competty and Brendan Healy followed that up with a HUD refinance for two senior care properties in Detroit, Michigan. Owned by Riverview Health, the properties getting refinanced include a 176-bed skilled nursing facility and a 196-bed SNF. Riverview was also reimbursed for prior capital expenditures and replacement reserves. Finally, Lancaster Pollard arranged a bridge loan to fund the acquisition of a 125-bed... Read More »