• 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 »
Cambridge Realty Capital’s crazy end to October

Cambridge Realty Capital’s crazy end to October

by | Nov 1, 2016 7:47 pm | Financings

The team at Cambridge Realty Capital got to work this October, announcing eight transactions in the span of a few days. The largest of them featured a $26.92 million HUD loan closed for a 320-bed skilled nursing facility in Melville, New York. All but one of the remaining six transactions featured a HUD loan, ranging from $2.2 million to $18.3 million, for skilled nursing facilities, ranging in size from 78 to 170 beds. Cambridge also arranged a $3.0 million HUD loan for a 65-bed assisted living community in Boiling Springs, South Carolina. All told, nearly $80 million in financing was closed in the last few days of October. Well done to the Cambridge team. Read More »

CFG’s transaction trifecta

by | Oct 27, 2016 4:16 pm | Financings

Capital Funding Group showed off its variety of services in its latest grouping of closings, totaling $25 million in financing. Gary Sever led the way in the largest transaction, closing a $17.6 million HUD construction loan for a to-be-built assisted living/memory care community in Cary, North Carolina. The building is expected to open in May 2017 with 40 AL and 40 MC units. Meanwhile, Jeffrey Stein originated a $5 million cash flow loan for a Texas skilled nursing operator. And finally, Chip Woelper arranged a $2.5 million working capital line of credit for a 141-bed skilled nursing/rehabilitation facility in Los Angeles. Well done to the CFG team. Read More »

Wait, there’s more

by | Oct 21, 2016 8:30 am | Financings

After announcing its seventh fiscal year in a row when it led all other HUD LEAN lenders in terms of total loan amount, Lancaster Pollard showed it was not a one-trick pony, closing two Fannie Mae refinances for clients in California. First, Jason Dopoulos arranged a $19 million loan for a 115-bed assisted living/memory care community in Oregon. The transaction refinanced an existing $10.5 million HUD loan as well as $8.2 million of previously incurred capital expenditures. And second, Grant Goodman closed a $14.5 million Fannie Mae loan for a 110-bed assisted living community in northern California, which refunded $9.6 million in existing debt and $4 million of incurred capex. Doug Harper... Read More »
SunTrust Bank and Seniors Housing

SunTrust Bank and Seniors Housing

by | Oct 20, 2016 3:56 pm | Acquisitions, Financings

Despite an apparent tightening in the seniors housing financing world (a topic which we will discuss in detail in our webinar at 1PM on October 27), borrowers may soon have a new name to choose from. SunTrust Bank announced it intends to acquire substantially all assets of the operating subsidiaries of Pillar Financial, LLC, along with its multi-family, affordable housing, healthcare property, senior housing, and manufactured housing lending platforms. Pillar’s HUD, Fannie Mae and Freddie Mac licenses also enticed SunTrust, which would be able to offer agency lending options to its clients. In return, Pillar would gain access to a number of expanded products including bridge loans, equity... Read More »

2016 HUD Rankings

by | Oct 19, 2016 8:30 am | Financings

For the seventh fiscal year in a row, Lancaster Pollard has topped the HUD LEAN rankings, and closed 521 loans and nearly $4 billion through the program in the past seven years. In FY2016, Lancaster Pollard accounted for 19.5% of total activity, and led all other lenders in transactions closed and total loan amount, with 60 and $554.4 million, respectively. The transaction number is actually down from FY2015 (when LP closed 65 loans), but the loan amount grew by 4% from $531 million. Overall, the HUD LEAN program saw a 5% increase in total loan volume to $2.84 billion. Read More »