• Incumbent Operator Secures Two Acquisition Financings

    Jay Healy and Director Andrew Lanzaro of Berkadia utilized the company’s balance sheet to provide $39.7 million of bridge-to-HUD financing for a Fort Worth-based skilled nursing owner/operator. The intent is to close the two subsequent HUD 232/223(f) refinancings in the second half of 2026. The loans facilitated the acquisition of three Texas... Read More »
  • MONTICELLOAM’s 2025 Activity

    MONTICELLOAM reported its 2025 activity, completing 49 senior care and multifamily transactions totaling over $2.2 billion in bridge, mezzanine and working capital financing throughout the year. In one of the notable transactions, one of the largest financings the firm has ever completed, MONTICELLOAM funded $470.5 million in bridge and working... Read More »
  • CBRE’s Active 2025 and Q1:26 Projections

    CBRE’s National Senior Housing team announced its 2025 activity, with $3.1 billion in total transaction volume. Debt originations and equity placements comprised $1.95 billion of that total, and were completed across 25 states. Meanwhile, the investment sales side closed $1.15 billion in deals, selling 27 properties across 14 states. The... Read More »
  • Underperforming AL/MC Assets Sell in Michigan

    A buyer with operational expertise and capital resources acquired two seniors housing communities that were not stabilized at the time of sale. The new owner intends to stabilize performance, implement targeted management improvements and reposition the assets. Current rates are priced below local competitors, offering upside through rate... Read More »
  • Global Real Estate Investor Enters Seniors Housing

    Blueprint revisited a familiar property, selling it on behalf of a joint venture that originally purchased it through another Blueprint-led sales process. The partnership was between a global private equity firm and a seniors housing sponsor, and at the time of its acquisition, the community was struggling. But they renovated all units and common... Read More »
X-Caliber Arranges Financing for SNF Portfolio in New England

X-Caliber Arranges Financing for SNF Portfolio in New England

A portfolio of 10 skilled nursing facilities in Massachusetts and Connecticut has been sold to an experienced and highly regarded owner/operator with financing in hand from X-Caliber Capital. The $100 million loan comes to about $70,000 per bed in debt, placing the purchase price somewhere above that. Built in the 1980s and 1990s and totaling 1,416 skilled nursing beds, the properties are cash flowing and have occupancy around 85%. The purchase price and other details are undisclosed. Read More »
X-Caliber Capital Secures Bridge Loan in Keystone State

X-Caliber Capital Secures Bridge Loan in Keystone State

X-Caliber Capital helped fund the purchase of a large skilled nursing facility in Pennsylvania with an acquisition bridge loan closing. Located in Harrisburg, the facility has 400 beds and about 200,000 square feet. It was occupied in the low-90s at the time of the sale. The undisclosed buyer obtained the $45 million bridge loan, with a three-year term. That debt comes out to $112,500 per bed, putting the value of the facility surely above that. We know buyers put a premium on larger SNFs, since these properties can better scale the higher labor and care costs, but this facility must have been operating well. Read More »
X-Caliber Closes Four Financings

X-Caliber Closes Four Financings

The team at X-Caliber Capital has been putting in the hours lately, with three bridge loans and a HUD refinance to show for the hard work. First, the firm closed a $40 million bridge loan, with a three-year term, for an undisclosed borrower to acquire a 10-facility, 700-bed skilled nursing/assisted living portfolio in Illinois. Next, X-Caliber arranged $32 million in four-year financing to support the acquisition of seven assisted living/independent living communities in four states, with over 650 units across the portfolio. The third bridge loan totaled $1.6 million and came with a three-year term. That was also arranged for an acquisition, this time for a 39-unit assisted living... Read More »
X-Caliber’s Excellent First Year in Bridge Lending

X-Caliber’s Excellent First Year in Bridge Lending

After only being in operation since March, X-Caliber Capital’s bridge lending group had an impressive 2018, closing $250 million in healthcare and seniors housing financings. Those transactions included everything from acquisition financings and recapitalizations to value-add and cash-out refinances. Plus, the firm will look to bring all of these loans to HUD for a permanent take-out. X-Caliber also closed out 2018 strong with three transactions in the last 45 days, including a $32 million acquisition loan for a Connecticut skilled nursing portfolio. We’ll see what’s in store for 2019. Read More »