• 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 »
Atrium Health Suffers

Atrium Health Suffers

by | Sep 12, 2018 7:02 am | 60 Seconds, Opinion

The New Jersey-based skilled nursing and assisted living operator puts 33 of its properties into receivership. Not good for the lenders. I am sure you have heard by now about Atrium Health and Senior Living placing 33 of its properties into receivership this week. This includes all their Wisconsin properties and one Michigan facility, but appears to leave out its 12 buildings in New Jersey. Atrium operates both skilled nursing and assisted living, and only nine assisted living communities in Wisconsin were placed in receivership; the remainder were SNFs. The receiver has hired Health Dimensions Consulting to operate them during the receivership until it is decided whether to split them up... Read More »
Oregon Operator Refinances Bond Debt

Oregon Operator Refinances Bond Debt

by | Aug 21, 2018 11:37 am | Financings

The long-term owner of an assisted living/memory care community in Oregon went to MidCap Financial to help recapture equity for its other development projects and to fund property improvements. Caring Places, an operator of 11 communities in Washington and Oregon, secured a $4.65 million floating-rate loan, with a three-year term, to refinance bond debt on its 66-unit community in Forest Grove (Portland MSA). Featuring 44 assisted living and 22 memory care units, the property was originally developed by Caring Places in 1991. That long-term vision will continue, as Caring Places looks to eventually refinance this first mortgage through HUD. Read More »
MidCap Financial Arranges Acquisition Financing For Southwest Senior Living

MidCap Financial Arranges Acquisition Financing For Southwest Senior Living

by | Mar 29, 2018 2:40 pm | Acquisitions, Financings

MidCap Financial worked on behalf of Palatine Capital Partners Management to arrange financing for the purchase of a senior living community in the Southwest. Palatine, an investment firm focused on small- and mid-cap real estate assets, acquired a 145-unit senior living community that is roughly split evenly between independent living and assisted living. Well-located and purpose-built in the late 1990s, the community was in need of significant renovations. So, in addition to funding the acquisition, the $9.0 million floating rate loan will enable Palatine to implement a $2.5 million capital improvement plan at the community to renovate the exteriors, common areas and unit... Read More »
MidCap Financial Finances Georgia Portfolio Acquisition

MidCap Financial Finances Georgia Portfolio Acquisition

by | Jan 19, 2018 7:02 am | Acquisitions, Financings

Lawrence “Lory” Brin of MidCap Financial recently helped facilitate Artemis Real Estate Partners and Allegro Senior Living’s acquisition of three Atlanta-area assisted living communities by arranging an $18.25 million loan. The floating rate first mortgage will also enable the buyers to reposition the communities and invest $7 million of capital improvements to renovate the exteriors, common areas and unit interiors. Built from 1998 to 2000, the communities are located in Buckhead (46 assisted living and 22 memory care units), Alpharetta (48 AL and 24 MC units) and Marietta (28 AL and 27 MC units). The deal marks Allegro Senior Living’s entry into the state, and the company will also... Read More »

MidCap Financial’s On A Mission

by | Oct 12, 2017 7:00 pm | Financings

MidCap Financial is back in the news, having provided a $17.5 million bridge-to-HUD loan to an assisted living/memory care community in Reno, Nevada. The three-year, floating-rate loan will take out construction debt and recapture equity in the property, which was developed in 2016 with 116 total units. Lease-up was quick, reaching 88% occupancy within a year of opening. Mission Senior Living, based in nearby Carson City, owns and operates the community, along with four others in Oregon, Nevada and Arizona, and a couple more in the development pipeline. Read More »