• 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 completes four HUD transactions

by | Jul 29, 2015 8:31 am | Financings

Cambridge Realty Capital Ltd. has had a busy month, underwriting four HUD loans worth over $50 million. All of the loans went towards refinancing skilled nursing facilities for three separate local limited liability companies and an Illinois not-for-profit. The first, an $8.7 million loan with a fully amortizing 30-year term, refinanced a 180-bed skilled nursing facility in Dayton, Ohio. Staying in Dayton, a 148-bed skilled nursing facility received a $14.2 million HUD refinance with a 30-year term. Next, Cambridge arranged a $16.5 million loan with a 32-year term to refinance a 235-bed facility in Elmwood, Illinois that also provides Alzheimer’s and dementia care. Finally, an Illinois... Read More »

Lancaster Pollard Making News

by | Jul 17, 2015 8:32 am | Financings

Lancaster Pollard is certainly keeping busy this month. First, Lancaster Pollard Finance Co., led by Doug Korey, provided a $5.4 million balance sheet loan to fund Benicia Senior Living’s acquisition of a 60-unit assisted living/memory care community in Eugene, Oregon. Second, Chris Blanda of LP structured a $5.4 million HUD LEAN loan with a 25-year term for nonprofit Baptist Homes to expand the Medicare skilled nursing offering at its CCRC in Louisville, Kentucky. Third, for Real Properties Health Facilities Corp.’s $29.5 million refinance of its 12 skilled nursing and assisted living facilities with 1,000 available beds in four states, Lancaster Pollard served as placement agent, with... Read More »

Cain Bros. arranges two HUD loans

by | Jul 10, 2015 9:31 am | Financings

Cain Brothers Funding, the mortgage banking affiliate of Cain Brothers, arranged $31.5 million in HUD financing for two clients in California and New York. The first was a $13.67 million HUD mortgage loan for Eskaton Senior Living Communities to refinance a 105-bed non-profit assisted living community in Northern California. The proceeds of the loan retired existing bank debt and an interest rate swap, to replace it with a 35-year fully amortizing term and a fixed interest rate of 3.07%. The second loan was a $17.8 million HUD mortgage for Catholic Charities of Brooklyn and Queens to refinance existing commercial bank and tax-exempt bond indebtedness on a 200-bed skilled nursing facility... Read More »

Capital Funding Group funds two SNF acquisitions

by | Jul 1, 2015 8:32 am | Acquisitions, Financings

Capital Funding Group recently completed two bridge-to-HUD loans for the acquisition of three skilled nursing facilities. The first, an $18.29 million loan arranged by Craig Casagrande, financed the acquisition of two SNFs in Pennsylvania, totaling 256 beds. If this sounds familiar, you would be right, as the transaction, between buyer, Vita Healthcare Group and seller, a regional senior living operator, was featured in the June issue of The SeniorCare Investor. The two facilities, a 173-bed SNF (90% occupied) built in 1978 and a facility with 45 skilled nursing beds (75% occupied) and 38 personal care beds (85% occupied) built in 1968, with the skilled nursing beds added in 1996, were the... Read More »

Lancaster Pollard closes 21 deals

by | Jun 24, 2015 8:27 am | Acquisitions, Developments, Financings

Lancaster Pollard had a busy month in May, closing 21 seniors housing financing transactions totaling over $136 million. Most of the loans were through HUD, including four refinances for skilled nursing facilities in Georgia and Florida, two FHA 232/241(a) expansion projects for skilled nursing facilities in the Midwest, and a $23.5 million new construction loan through HUD for an assisted living/memory care community in Virginia. Five of the transactions were for note modifications of existing HUD loans, while six were either refinances or rehabilitation loans for affordable seniors housing properties. LP facilitated one term loan placement of $7.4 million for the construction of a... Read More »