• 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 »

HUD’s top lenders

by | Oct 28, 2015 8:30 am | Financings

We will be profiling the top 10 HUD LEAN lenders in the coming issue of The SeniorCare Investor, but here is a little snapshot. We already mentioned last week that Lancaster Pollard finished well ahead of the pack, with 65 transactions totaling $531 million. Coming in second place, dollar-wise, was Housing & Healthcare Finance. The Chevy Chase, Maryland-based firm closed 22 transactions, for a total of $264.2 million. Loan sizes ranged from as low as $3.96 million up to $28.78 million. Coming in third was Capital Funding, which actually closed 28 loans (second place) totaling $257.8 million. Good job to all. Read More »

HUD Rankings

by | Oct 23, 2015 8:30 am | Financings

So another fiscal year goes for HUD, and once again, Lancaster Pollard topped the list as the most prolific lender in the LEAN program. In 12 months ending September 30, 2015, both number of loans (291) and total dollar volume ($2.7 billion) fell off from 2014’s total of 484 loans and $4.2 billion of dollar volume. In turn, Lancaster Pollard’s total dropped as well. The Columbus, Ohio-based firm closed 65 loans totaling $531 million, or 22.3% of the total loans and 19.7% of the total loan amount, compared to 88 loans and $718 million of dollar volume in 2014. The next largest lender closed 22 loans and $264 million of dollar volume, a steep drop off. Lancaster Pollard has actually been the... Read More »

HHC and HUD

by | Oct 7, 2015 8:30 am | Financings

Housing and Healthcare Finance (HHC) recently closed three HUD loans for a publicly traded REIT, to refinance three of its skilled nursing facilities in New England. A 105-bed facility received a $5.45 million loan, a 104-bed facility refinanced with a $10.65 million loan and a 95-bed facilities got a $12.64 million loan. All of the loans featured interest rates in the mid-threes. Read More »

When it rains, it pours

by | Sep 23, 2015 8:32 am | Financings

The announcements keep coming from Lancaster Pollard, with the firm announcing two transactions (and three loans) plus a new addition to its M&A group just in the last few days. First, Mike Ashley led the way in obtaining funding for a local nonprofit to refinance and renovate its senior living facility in Higginsville, Missouri. With Life Care Services managing the facility since 1995, the nonprofit plans to increase the number of skilled nursing beds by 16 private rooms in a new wing, in addition to making other improvements to the building. Following the $5.4 million renovation, the community will feature 145 IL units, 26 AL units and 56 SNF beds. Lancaster Pollard worked with local... Read More »

Hunt and Healthcare

by | Sep 18, 2015 8:32 am | Financings

Entering the senior living/healthcare lending market, Hunt Mortgage Group closed its first transaction in that sector with an $8.85 million refinance loan for a 50-bed memory care community in Rockwall, Texas through its new balance sheet lending platform launched earlier this year. Jim Neil, Director of Healthcare Lending at Hunt, was the originator while Jenifer Williams led the underwriting team on the transaction. On the receiving end of this loan was The LaSalle Group, the developer of the prolific Autumn Leaves® brand of assisted living/memory care with 27 existing communities and 15 under construction. Its community in Rockwall opened in 2011 and stabilized by mid-2013. But when a... Read More »