CBRE Refinances Nebraska Senior Living Community

CBRE Refinances Nebraska Senior Living Community

Aron Will and Austin Sacco of CBRE National Senior Housing arranged a Fannie Mae refinance of an Omaha, Nebraska senior living community. Owned by a joint venture between Hegg Companies, a Sioux Falls, South Dakota-based real estate investment firm, and Paradigm Senior Living, an operator with an extensive portfolio west of the Mississippi, the community features 91 units of assisted living and memory care. In addition to boasting large unit sizes and abundant amenities, it is also located less than five miles from the only full-service hospital in West Omaha, CHI Health Lakeside. To refinance the property, Messrs. Will and Sacco originated an $11.9 million loan, with a fixed interest... Read More »
Love Funding in the Last Frontier

Love Funding in the Last Frontier

Love Funding secured financing for the Last Frontier’s newest assisted living community. Located in Anchorage’s U-Med district (and less than two miles from three hospitals), the community is being purpose-built by Baxter Senior Living as a high-end assisted living option for Alaskans. Along with 63 private AL and 33 private and semi-private memory care units, the private pay community will feature amenities including a theater, café and pub, fitness studio and art center, with Portland, Oregon-based Paradigm Senior Living as its manager. Love Funding’s Holly Bray secured a $20.1 million bridge loan provided by Love’s parent company, Midland States Bank, with First National Bank Alaska... Read More »

Go with Propero

For operators looking to own their own facilities while minimizing the amount of capital committed to construction, Lancaster Pollard offers a program that may help them do just that. Launched in 2012 and led by Craig Jones, LP’s Propero™ Senior Housing Equity Fund has provided a total of $88 million in gross investments spanning across the acuity spectrum, from IL/AL to memory care to skilled nursing. The way it works is the Fund invests in seniors housing properties as the sole owner and then triple-net leases them to an operator. The operator, therefore, doesn’t have to invest as much equity in the project or acquisition and can then choose from a predetermined purchase option schedule... Read More »