Capturing more U.S. senior housing business appears to be a priority for Jones Lang Lasalle (NYSE: JLL) as it seeks the leading share of global capital outflows for real estate, with the recently announced $260 million acquisition of Oak Grove Capital contributing to that goal. When the deal closes, all 120 Oak Grove employees will […]
Oak Grove Capital
HJ Sims Arranges $22.5M Refinancing for Md. CCRC HJ Sims provided a bank refinance for a continuing care retirement community (CCRC) in Annapolis, Md. The CCRC had a securitized $17 million mortgage that did not allow a prepayment, according to The SeniorCare Investor. HJ Sims arranged through a local bank a new $16.5 million mortgage […]
CBRE Arranges $48M Acquisition Financing for Ariz. Seniors Housing Portfolio CBRE National Senior Housing arranged a portfolio sale and acquisition financing for the Golden Pond Portfolio. The portfolio consists of a 26-acre, three property (430-unit) campus in Peoria/Sun City, Ariz. and a 148-unit assisted living/memory care community in Yuma, Ariz. CBRE secured a $48.5 million, […]
Lancaster Pollard Provides $5M Acquisition Financing for N.C. AL, Dementia Care Facility Lancaster Pollard’s recently launched finance company provided a $5.3 million balance sheet loan to fund Meridian Senior Living’s acquisition of Lawyer’s Glen Retirement Living Center. Lawyer’s Glen Retirement Living Center is an 82-bed licensed assisted living (AL) and dementia care facility located in Charlotte, N.C. […]
Grandbridge Refinances $7M for Ga. Senior Housing Community The Atlanta-based Seniors Housing and Healthcare Finance team of Grandbridge Real Estate Capital closed a $7,064,700 first mortgage loan secured by Presbyterian Home and Retirement Community of Quitman. The transaction was referred to Grandbridge by BB&T bank. Funding for the full amortizing 35-year refinance was provided through […]
Ziegler Closes $24.16M Financing For North Carolina CCRC Ziegler, a specialty investment bank, closed a $24,160,000 Series 2014 tax-exempt non-bank qualified transaction issued by the North Carolina Medical Care Commission for Deerfield Episcopal Retirement Community (Deerfield), a new client to Ziegler. Deerfield is a Type-A LifeCare continuing care retirement (CCRC) operator located on 125-acres in […]
Here’s a roundup of some of the most recent financing transactions in senior housing and care. Berkadia Secures Over $156M in Financing for Capital Senior Living Berkadia Commercial Mortgage LLC (Berkadia) worked with Capital Senior Living Corporation to arrange $156.6 million in financing for a portfolio of 15 seniors housing properties located across seven different […]
Here’s a roundup of some of the most recent financing transactions in senior housing and care. Greystone Provides $36 Million HUD Loan to Refinance N.Y. Skilled Nursing Facility Greystone, a national provider of multifamily and healthcare mortgage loans, announced June 9 it provided a $36.7 million HUD loan to refinance a 314-bed skilled nursing facility […]
Avision Young Secures $8.75M to Recapitalize Manhattan Memory Care Facility Avison Young’s New York City-based Debt, Equity & Loan Sales team recently sourced $8.75 million of preferred equity to recapitalize Manhattan’s only dedicated memory care facility, Upper East Side Senior Residence. The Avison Young team of Principal Justin Piasecki, Vice-President Aaron Iskowitz and Associate Peter […]
Berkadia Secures $44 Million for N.Y. Skilled Nursing Facilities Berkadia Commercial Mortgage LLC recently arranged $43.9 million of financing for two skilled nursing facilities located in Nassau County and Dutchess County, N.Y. Vice President Jay Healy of Berkadia’s Seniors Housing and Healthcare group worked with the owner of both properties to secure the fixed-rate financing. […]
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