Senior Housing Finance Activity: Berkadia, RED Capital

RED Capital Group Closes $11.1 Million Refinance for MBK Senior Living RED Mortgage Capital, the proprietary mortgage banking arm of RED Capital Group, LLC, has closed an $11.1 million refinance loan for Chancellor Gardens of Clearfield, an MBK Senior Living-owned and operated community located in Clearfield, Utah. “MBK was seeking a customized product for this […]

Senior Housing Finance Activity: Ziegler Closes $73M for New CCRC

Ziegler Closes $73 Million Financing for Ill. CCRC Development Ziegler recently closed issuance on $73,465,000 of Series 2014 tax-exempt, fixed-rate bond financing for the development of MRC The Crossings in League City, Texas, sponsored by Methodist Retirement Communities, a not-for-profit corporation. In December of 2012, MRC purchased approximately 19 acres and began funding the pre-development […]

Fannie Mae Ranks Top 5 Senior Housing Lenders by Volume

Fannie Mae on Monday released its first-ever list of lenders with the most senior housing financing production for 2013, topped by KeyBank National Association.  The Top 5 list was released in conjunction with Fannie Mae’s top lenders across all sectors and its top Multifamily Affordable Housing lenders. Fannie Mae provided $28.8 billion in financing to […]

Senior Housing Acquisitions: CNL Lifestyle Properties, Capital Senior Living, & More

CNL Lifestyle Properties Acquires Colo. Senior Housing Community Senior living real estate investment trust CNL Lifestyle Properties has acquired MorningStar at Dayton Place in Aurora, Colo., for approximately $29.9 million.  The senior housing community will continue to be managed by its current operator, MorningStar Senior Living, which currently has 21 properties under management or development […]

Senior Housing Finance Activity: Berkadia, Cambridge, Ziegler, More

Lancaster Pollard Assisted Kan. CCRC with Bond Refinance Lancaster Pollard recently assisted Brewster Place Retirement Community, a not-for-profit continuing care retirement community in Topeka, Kan., in refunding an existing bond issue. The 30-acre CCRC has 229 independent living units, 28 assisted living units and a fully licensed 97-bed skilled nursing facility. Lancaster Pollard developed a […]