LTC Enters $141 Million Mortgage Loan Agreement with Prestige LTC Properties, Inc. (NYSE:LTC) announced recently it has entered a $141 million mortgage loan agreement with affiliates of Prestige Healthcare, secured by 15 properties with a total of 2,092 licensed skilled nursing beds and 24 independent living units in Michigan. The loan has a 30-year term […]
Bank of the West
Spectrum Retirement Communities announced this week a $124 million financing agreement with Bank of the West, with which it will refinance existing properties and buy out some of its equity partners. Spectrum, which develops, owns and operates independent living, assisted living and memory care communities across about a dozen states, says the Bank of the […]
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