![SLIB Starts March With Six Closings](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/04/bigstock-summer-holidays-celebration-67600393-1-e1524769378595.jpg)
![SLIB Starts March With Six Closings](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/04/bigstock-summer-holidays-celebration-67600393-1-e1524769378595.jpg)
![SLIB Sells Two More ALPs in New York](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2019/09/bigstock-Two-Confident-Business-Man-Sha-301534327-e1568642891107.jpg)
SLIB Sells Two More ALPs in New York
Senior Living Investment Brokerage’s Dave Balow has been crisscrossing the state of New York lately, selling an upstate ALP (Assisted Living Program) facility last week and represented the seller of two ALP facilities just this week on Long Island. CIBC Bank USA also provided $6.75 million in acquisition financing to support the purchase. CIBC’s Fritz Kieckhefer arranged the debt. Located in Holbrook and Center Moriches, the two properties combine for 85 beds in 46 units. The private seller had owned them for over 40 years and was able to produce consistently strong cash flow over the years. In fact, it operated at a roughly 40% margin on more than $2.56 million... Read More »![Senior Living Investment Brokerage’s Fast February Start](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/05/Capital_Funding_Group_web.png)
Senior Living Investment Brokerage’s Fast February Start
Whoa, was it a week for Senior Living Investment Brokerage or what? Our inbox was peppered with closings from several SLIB teams, and the deluge doesn’t appear to be over, with a few more closings expected next week. And to think they would rest on their laurels after a strong second-place finish in terms of deals closed in 2020, according to our just-released Broker Rankings in February’s issue of The SeniorCare Investor. Jason Punzel, Brad Goodsell and Vince Viverito kicked off the week with an independent living community sale in Medford, Oregon, which we profiled here. But Nick Cacciabando and Jeff Binder soon announced their own sale... Read More »![Senior Living Investment Brokerage Handles Oregon Sale](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2018/05/Evans_Finds_Solution_web.png)
Senior Living Investment Brokerage Handles Oregon Sale
Jason Punzel, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage worked together to sell a 70-unit independent living community in Medford, Oregon. Set amongst the Cascade and Siskiyou Mountains, the community was originally built in 1975 and renovated in 1980. Its operations could be improved, as occupancy fell just below 60%, and the operating margin was just 9% on more than $1.33 million of revenues. The community’s vintage could make that task harder, but age isn’t everything. A local owner/operator bought the property and is planning to remodel and reposition the community. They paid $3.5 million, or $50,000 per unit, which should leave plenty... Read More »![SLIB Facilitates Family’s Exit From Seniors Housing Industry](https://seniorcare.levinassociates.com/wp-content/uploads/sites/2/2019/12/bigstock-Large-Grungy-Exit-Sign-5438639-e1576009449951.jpg)