In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Wendover Housing Partners plan new affordable development Wendover Housing Partners has started construction on Legacy […]
Berkadia Commercial Mortgage
Last year was a busy one for senior housing loans through Fannie Mae’s Delegated Underwriting and Servicing (DUS) program. Seniors housing loan volume totaled $5.5 billion in 2017, which is an increase of 267% from 2016’s total of $1.5 billion, according to Fannie Mae. The top three DUS producers for seniors housing in 2017 were KeyBank […]
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 […]
Sabra Prices 5 Million Shares of Series A Stock Sabra Health Care REIT, Inc. (Nasdaq:SBRA) announced last Thursday the pricing of an underwritten public offering of 5,000,000 shares, or $125.0 million, of 7.125% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) at a price of $25.00 per share, pursuant to an effective […]
Berkadia Originates $14.4 Million Acquisition Loan for Chevalier Berkadia Commercial Mortgage LLC recently originated a $14.4 million, three-year floating rate acquisition loan to finance Chevalier International Holdings Limited’s acquisition of an 18-property portfolio of assisted living communities operated by Meridian Senior Living. Christopher Fenton, vice president at Berkadia, arranged the loan through the firm’s proprietary […]
Senior Management Advisors and ValStone Partners Collaborate on Senior Living Portfolio Senior Management Advisors, Inc. and ValStone Partners, LLC are collaborating on two Delray Beach senior living communities to carry out renovations and introduce a more hands-on management style. Grand Villa of Delray East and Grand Villa of Delray West have 370 total units comprised of […]
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