• Berkadia Announces 2025 Activity and Latest Deal

    by | Feb 5, 2026 12:18 pm | Acquisitions, Financings

    Berkadia recorded another successful year, with more than $2 billion in mortgage banking closings for the second consecutive year. In 2025, Berkadia’s financings were spread across 123 properties including active adult, independent living, assisted living, memory care and skilled nursing communities. Multiple lending sources were utilized, such... Read More »

  • Bank Closes Refinance and Acquisition Financing

    by | Feb 5, 2026 12:17 pm | Acquisitions, Financings

    Coastal States Bank announced that it recently closed $9 million in financing to refinance a 60-unit purpose-built memory care community near Centerville, Ohio, and to acquire a 53-unit memory care community in Creve Coeur, Missouri. Following the closing, the sponsor’s affiliated management company, Kauhale Healthcare Management, began managing... Read More »

  • SLIB Sells Ohio Assisted Living Portfolio

    by | Feb 5, 2026 12:13 pm | Acquisitions

    Jeff Binder and Ryan Saul of Senior Living Investment Brokerage sold a portfolio of three seniors housing communities in Ohio. Built between 1987 and 2009, the three buildings consist of 314 total units. They were in receivership. Working on behalf of the out-of-state owner, which has other seniors housing communities throughout Ohio, SLIB... Read More »

  • AHR’s New Interim CEO

    by | Feb 5, 2026 12:12 pm | Uncategorized

    American Healthcare REIT, Inc.’s Chief Executive Officer and President, Danny Prosky, has taken a medical leave of absence, effective February 3, 2026, due to a recent medical event. So, the Company’s Board of Directors appointed Jeffrey T. Hanson, the Chairman of the company’s Board, to serve as Interim CEO and President, effective... Read More »

  • NHI Acquires Nine Communities

    by | Feb 3, 2026 3:47 pm | Acquisitions

    National Health Investors made a large SHOP purchase, adding nine communities consisting of 460 total units across Kentucky, South Carolina and Tennessee. The properties will be managed by Allegro Living Management, an affiliate of Spring Arbor Management. NHI has an existing relationship with Spring Arbor totaling approximately $227 million in... Read More »
SunTrust Sets Eyes On Colorado Bridge Financing

SunTrust Sets Eyes On Colorado Bridge Financing

by | Dec 6, 2018 4:05 pm | Financings

SunTrust Bank’s ears must have been burning, because on the day of our webinar, Bridge Loans: The Hottest Lending Product for Seniors Housing and Care (which you can still listen to here), the bank originated a $31 million bridge loan for an independent living community in Colorado Springs, Colorado. Just completed earlier this year, the community is geared to higher income residents and boasts a number of modern amenities. It was developed by The Wolff Company, an Arizona-based private equity firm that is developing a number of luxury senior living properties a year with operating partner Clearwater Living (which will also manage the Colorado Springs community).  Artin Anvar of SunTrust... Read More »
SunTrust Secures HUD Loan For Lynchburg Senior Living Community

SunTrust Secures HUD Loan For Lynchburg Senior Living Community

by | Aug 24, 2018 7:00 am | Financings

Family-owned senior living operator Runk & Pratt secured a $13.2 million HUD loan to refinance its assisted living community in Lynchburg, Virginia. Thanks to a connection to the owners through David Wilt, market president of SunTrust Corporate & Commercial Banking in Roanoke, Virginia, Joshua Hausfeld of SunTrust CRE Seniors Housing & Healthcare Finance originated the loan, which came with a 35-year term and 35-year amortization schedule. The community was originally built 40 years ago but converted to assisted living in 1996 and now features 57 units and 81 beds, including some for memory care. It also underwent extensive renovations in 1998, 2003 and 2016, and has... Read More »
Cohen Financial Closes Michigan Financing

Cohen Financial Closes Michigan Financing

by | Jul 25, 2018 9:56 am | Financings

In northern Michigan, Cohen Financial, a division of SunTrust Bank, arranged more than $4.1 million in HUD financing for an assisted living community in the town of Alma. The 41-unit community is owned and operated by Grand Rapids-based Leisure Living Management, and as recently as 2013, it added a 12-bed memory care unit to its services. On behalf of the community, Cathy Bronkema, managing director of Cohen Financial’s Grand Rapids office, and Joshua Hausfeld, managing director of SunTrust CRE Seniors Housing & Healthcare Finance, secured a fixed-rate $4.116 million loan, with a 35-year term and 35-year amortization schedule. Read More »
Pillar Powers Through Two HUD Financings

Pillar Powers Through Two HUD Financings

by | Oct 6, 2017 7:00 am | Financings

The team of Pillar Financial, a division of SunTrust Bank, has been active lately, closing more than $20.7 million in financings for two Rust Belt seniors housing communities. Don Husi, based in Pillar’s Nashville office, first originated a $13.59 million HUD loan, with a 30-year term, to refinance a scattered-site that includes 143 beds spread across one large skilled nursing facility and two small assisted living communities in Menasha and Appleton, Wisconsin. The properties offer their residents a continuum of care, if need be. Then, in Moosic, Pennsylvania, Mr. Husi originated a $7.18 million HUD refinance for a 35-unit/58-bed memory care community. The 35-year loan took out an... Read More »

Ridge Care Senior Living Looking To Grow In South Carolina

by | Sep 8, 2017 7:01 am | Developments, Financings

Already a force in West Virginia and North Carolina, Ridge Care Senior Living is expanding its assisted living/memory care portfolio into South Carolina with a brand-new 100-unit (60 AL and 40 MC) community in the beach town of Pawleys Island. Expected to open in Summer 2018, the community is expected to cost around $20.5 million, or over $200,000 per unit, to develop, which is close to the average for the regional cost for like-communities of $208,000 per unit, according to our in-house database. SunTrust Bank, through its Aging Services practice, provided an $11.3 million loan to fund the construction. Ridge Care, which currently manages 13 senior living communities on behalf of  a small... Read More »