• Healthcare REIT Divests SNF to In-Place Operating Partner

    by | Apr 17, 2026 4:05 pm | Acquisitions

    Senior Living Investment Brokerage returned to West Des Moines, Iowa, to sell a skilled nursing facility that it had previously sold in 2019. A healthcare REIT was the buyer back then and is now selling the facility to its in-place regional operating partner. Built in 2004, Arbor Springs features 56 beds on an attractive four-acre campus about 10... Read More »

  • Near-Stabilized AL/MC Community Lands Refinance

    by | Apr 17, 2026 12:18 pm | Financings

    Carnegie Capital closed a bridge refinance for a 50-unit assisted living/memory care community in the Houston, Texas MSA. Four years ago, the property was bought by a California-based operator with a growing footprint in Texas. Performance was approximately two to three months from stabilization, but with the acquisition loan maturity looming, a... Read More »

  • Record-Setting HUD Express Lane Application to Commitment

    by | Apr 17, 2026 12:15 pm | Financings

    Cambridge Realty Capital provided a $6.15 million loan to refinance Avalon Memory Care Keller, a 50-bed stand-alone memory care community in Keller, Texas (Dallas-Fort Worth MSA). The fully amortized, 35-year HUD loan was provided for the owner, a Texas limited liability company, that wished to recast bank debt into a long-term non-recourse... Read More »

  • Large Healthcare Owner Receives Financing

    by | Apr 17, 2026 12:14 pm | Financings

    An owner of more than 80 healthcare properties spanning nine states secured bridge and working capital financing for its skilled nursing portfolio in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. MONTICELLOAM provided the funding. Read More »

  • Out-of-State Owner Divests to Investor

    by | Apr 16, 2026 3:07 pm | Acquisitions

    A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the... 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 »