• National Lending Group Divests in Wisconsin

    by | Apr 25, 2024 3:31 pm | Acquisitions

    Justin Knapp, Nick Stahler and Ray Giannini of Marcus & Millichap recently closed the receivership sale of an 86-bed skilled nursing facility in Wisconsin. The Knapp-Stahler Group represented the seller, a national lending group that also provided financing for the deal.  The borrower/buyer was a local operator with ties to an East... Read More »

  • CFG Secures Bridge-to-HUD Loan for Ohio Skilled Nursing Facility

    by | Apr 25, 2024 3:30 pm | Financings

    Capital Funding Group secured financing for a skilled nursing facility in Ohio on behalf of a nationally recognized borrower. The bridge-to-HUD loan totals $13.5 million and supports the refinancing of this 120-bed SNF. Tim Eberhardt and Ava Julio of CFG originated the transaction.  This financing follows CFG’s closing of two HUD loans on... Read More »

  • CBRE Secures Financing For Class-A Seniors Housing Community

    by | Apr 25, 2024 3:29 pm | Financings

    CBRE secured financing for a Class-A seniors housing community in North Dakota on behalf of a joint venture borrower. Built in 2017, New Perspective West Fargo is in Fargo, one mile from Sanford Medical Center, North Dakota’s newest and largest medical center. The community features 128 independent living, assisted living and memory care units... Read More »

  • PCP Purchases Ohio Assisted Living Community

    by | Apr 25, 2024 3:27 pm | Acquisitions

    Phorcys Capital Partners LLC, the investment advisor to Phorcys Senior Housing Recovery Fund LP (SHRF), announced it acquired a seniors housing community in Wickliffe, Ohio, through a trustee-directed short sale for $13.0 million, or $81,000 per unit. This is PCP’s second investment in SHRF, and it will continue to focus on the winding down of... Read More »

  • Newmark Closes Class-A Deal in Denver

    by | Apr 24, 2024 8:44 am | Acquisitions

    A new seniors housing community traded in the Denver, Colorado MSA, with the help of the team at Newmark. Developed in 2017, MorningStar at RidgeGate is located in the suburb of Lone Tree within the Ridgegate master plan that features retail, cultural amenities and a 284-bed hospital nearby. The property comprises five stories over subterranean... Read More »
Lancaster Pollard’s Active April

Lancaster Pollard’s Active April

by | May 2, 2018 7:00 am | Financings

Lancaster Pollard closed a trifecta of transactions this month. The largest was a $23.4 million HUD loan closed on behalf of Hillcrest Health Services to refinance its skilled nursing facility in Papillion, Nebraska. Located on the 44-acre senior living community of Hillcrest Country Estates, the SNF features 126 skilled nursing beds and 12 independent living units. Built in a household model, with 13 residents each in eight cottages and a 22-unit post-acute rehab cottage, the facility was developed in a way to receive financing separate from the rest of the senior living community. The 35-year loan, arranged by Quintin Harris, refinances the existing bank debt and inter-company notes used... Read More »
Build or buy…or both

Build or buy…or both

by | Jun 28, 2016 8:37 pm | Acquisitions, Developments, Financings

Employing a two-pronged growth strategy, The MacIntosh Company is adding its sixth and seventh properties though both acquisition and development opportunities. First, the company acquired a 100-bed skilled nursing facility in Columbus for an undisclosed price. Built in 1984, the facility had been under family ownership since 1992 and featured separate wings for Alzheimer’s care and hospice services. Plus, there is additional land included within the purchase for future expansion projects. Chad Elliott and Steve Kennedy of Lancaster Pollard’s M&A group served as the sell-side advisor on the sale, while Chris Mauger and Brendan Healy of Lancaster Pollard Finance Company led the way in... Read More »