2011 Q4 Roundup: Senior Housing & Care Financing

In case you missed it, we’ve grouped together the senior housing and care finance news covered by SHN in the fourth quarter of December.

December Senior Housing Financing

Capital One announces its intention to get into the senior housing and care industry as a lender.


Ziegler closes $19 million of financing for Sunset Retirement Communities in Ohio.

Love Funding obtains a $8.9 million construction loan for a Texas senior housing facility.

Ziegler closes $28 million in bond financing for a Texas retirement community.


It’s Ziegler, again, this time getting $31 million of financing for a New Hampshire senior community.

December Senior Care Financing

HUD insures a $37.1 million loan to renovate an acute care hospital in Ohio through its Section 242 program.

Lancaster Pollard lines up $8 million of FHA refinancing for two nursing facilities in Iowa and Ohio.

Cain Brothers calls the FHA the “best vehicle to affordable capital” for senior care projects.

November Senior Housing & Care Financing

Red Mortgage Capital provided $19.9 million of FHA and Ginnie Mae financing for three Premier Senior Living assisted living communities.

Ziegler closed a $62 million loan for a non-profit California senior housing group.

Oak Grove originated $437 million in financing for Brookdale Senior Living.

GE Capital Financed more than $5 billion of healthcare transactions in 2011.

KeyBank secured $28.6 million in financing for three Emeritus assisted living properties.

Love Funding arranged a record $737.2 million of FHA loans in fiscal year 2011.

HUD released its Section 232 senior housing financing data for 2011, with volume up 32%.

Ziegler closed on $143 million of financing for a new Florida senior living community.

Red Mortgage Capital secured a $5.62 million loan for a Colorado memory care facility through Fannie Mae’s 7-6 program.

KeyBank closed a $19 million loan for an Ohio assisted living facility.

Love Funding obtained an $8 million loan to finance a New Jersey assisted living facility.

October Senior Housing Financing

Capital Senior Living gets $23.8 million of financing for acquisitions.

Love Funding closes a $9.22 million construction loan.

Love Funding secures a $6.51 million loan for an Ohio senior living facility.

HUD approves a $210 million construction loan for a Georgia hospital and assisted living facility.

Red Mortgage Capital provides $19.9 million of financing to Premier Senior Living for three assisted living facilities.

Fannie Mae touts its assisted living financing programs.

Senior housing study shows discontent with HUD’s LEAN 232 financing program.

October Senior Care Financing

Barclays provides a £14.8 million construction loan to a UK Care Home company.

ActiveCare, Inc. secures a $10 million equity line of credit.

Independa, Inc. develops growth strategy for senior care with $1.6 million seed round fund.