• Brookdale Boosts Short Term Stability

    by | Jan 9, 2026 3:21 pm | Financings

    Brookdale Senior Living completed a series of financing transactions totaling approximately $600 million that refinanced all of its remaining 2026 mortgage debt and maturities, around $350 million, and a portion of 2027 mortgage debt maturities, approximately $200 million. The company also secured more fixed-rate debt, helping to cut rate risk.... Read More »

  • Ikaria Announces $1 Billion in Q4 Volume

    by | Jan 9, 2026 3:19 pm | Financings

    Ikaria Capital Group closed out a successful 2025, announcing several significant transactions in the fourth quarter that exceeded $1 billion in volume. The activity comprises financings in the seniors housing, skilled nursing and behavioral health sectors across multiple states and borrowers.  The largest deal was a $595.5 million senior... Read More »

  • PE Group Enters Oklahoma after Medicaid Rate Bump

    by | Jan 9, 2026 3:16 pm | Acquisitions

    A skilled nursing facility in Oklahoma that recently benefited from the state’s Medicaid rate bump sold to a national private equity firm looking to enter the state. Built in 1967, Maplewood Care Center features 180 beds on over three acres in Tulsa. It is located close to several major hospitals and healthcare campuses, but occupancy was sitting... Read More »

  • Community Purchased through HUD Assumption

    by | Jan 9, 2026 3:15 pm | Acquisitions

    Chad Mundy of the Knapp-Stahler Group of Marcus & Millichap sold an 82-unit assisted living/memory care community in Lewiston, Idaho. Built in phases in the early 2000s, the community featured five separate buildings, one of which was vacant after sustaining damage from a flood. As a result, occupancy was lower, based on the 89 licensed beds,... Read More »

  • The Zett Group Rounds Out Q4

    by | Jan 9, 2026 3:13 pm | Acquisitions

    The Zett Group closed out Q4 with several closings in the Pacific Northwest. First was the sale of Fox Hollow, a 58-unit seniors housing community in Eugene, Oregon. Built in 1988 and renovated in 2003, the community features 51 assisted living units and seven independent living “cottage-style” units. Set in a nice area of Eugene, it was owned by... Read More »
Back to Business for KeyBank

Back to Business for KeyBank

by | Apr 18, 2017 7:27 pm | Financings

Less than a month after KeyBank Real Estate Capital announced its $703 million financing to fund Blackstone’s purchase of 64 seniors housing communities from HCP Inc., it was back to business for the commercial real estate financing provider with another HUD refinance. John Randolph of KeyBank’s Healthcare Group arranged a $15.4 million HUD loan for a 120-bed skilled nursing facility in Harlingen, Texas, which is located just a few miles from the U.S.-Mexico border. The 35-year loan refinanced existing debt on the facility, which was built in 2012, which helps explain the high value and debt of $128,300 per bed. Read More »

From Coulterville to California for Cambridge Realty Capital Companies

by | Apr 14, 2017 7:00 am | Financings

Cambridge Realty Capital Companies closed a couple of transactions for clients across the country. First up, in Coulterville, Illinois, the Cambridge team arranged a $3.76 million HUD refinance for a 71-bed skilled nursing facility. The owner, a Missouri LLC, received a 35-year, fully amortized term. Then, a California LLC received a $3.7 million HUD loan, courtesy of Cambridge’s Hymie Barber, to refinance its nearly 20-year old 58-bed assisted living community in Arroyo Grande, California. The loan comes with a 27-year term. Read More »
Back to Business for KeyBank

Busy Berkadia

by | Apr 11, 2017 8:36 pm | Financings

Berkadia has been busy so far this month, closing four transactions that ranged from Fannie Mae financing to HUD debt to a bridge loan. Starting with the largest, the team of Heidi Brunet and Jay Healy utilized Berkadia’s proprietary bridge loan program to finance the $28 million acquisition of three skilled nursing facilities, totaling 222 Medicare-certified beds, in Colorado, Kansas and Nevada. The borrower used the proceeds of the 12-month loan to fund 100% of the purchase price, plus transaction costs, and plans to refinance through HUD. Brunet and Healy also closed two HUD loans as well, including a $2.5 million, 35-year loan for a 120-bed skilled nursing facility in Sarasota,... Read More »
Strawberry Fields REIT Refinances Scottsburg Skilled Nursing Facility

Strawberry Fields REIT Refinances Scottsburg Skilled Nursing Facility

by | Mar 31, 2017 8:30 am | Financings

Six years after initially leasing a skilled nursing facility in Scottsburg, Indiana, and three years after purchasing it, Strawberry Fields REIT LLC is refinancing the facility with a $4.4 million 35-year HUD loan, featuring a 3.65% fixed interest rate. The REIT utilized a new FHA lending partner to execute the transaction, which took out an existing conventional bank acquisition loan. The 99-bed facility certainly has room to improve, with occupancy of 69% based on licensed beds and around 80% based on operational beds. But it has increased in value since Strawberry Fields’ 2014 purchase, when the facility sold for $3.415 million, or $34,495 per bed. Recently, it has been appraised for... Read More »

Capital Funding’s Trio of Financings

by | Mar 29, 2017 8:30 am | Financings

Showing off its prowess at HUD refinances, Capital Funding Group closed three of them for clients in the Southeast. First, in Washington D.C., Patrick McGovern provided a $10.5 million HUD loan to a 183-bed skilled nursing facility. This transaction comes full circle for Mr. McGovern, who arranged the original bridge acquisition loan (being taken out by the current HUD refinance) in addition to a $2 million working capital line to finance operations. Then, Gary Sever of Capital Funding Group closed two other transactions, including a $2.57 million HUD loan for an assisted living community in North Carolina and an $18.9 million HUD refinance of an assisted living community in Crozet,... Read More »