GE Capital Provides $48.5M Financing for Acquisition of Four Ariz. Senior Care Facilities GE Capital’s Healthcare Financial Services (HFS) business was the administrative agent and a lender on a $48.5 million financing to a joint venture among LTC Properties Inc., Silverstone Healthcare Real Estate and Senior Lifestyle Corp. The funds were used for the acquisition […]
Berkadia
KeyBank National Association has been the No. 1 Fannie Mae lender in the senior housing sector for three consecutive years, according to rankings released Monday. Berkadia Commercial Mortgage, LLC claimed the second spot in the latest rankings, for 2014. Berkadia ranked No. 4 in 2013, which was the first year for which Fannie Mae named the […]
Despite hurdles presented by the government shutdown in October, the landscape for Department of Housing and Urban Development senior housing and healthcare lending is looking much brighter, though a crossroads is expected ahead. The hurdles were not inconsequential, say those in the HUD lending space, as the shutdown on October 1 came just days after […]
SQLC Completes $119 Million Financing for Ind. CCRC Senior Quality Lifestyles Corporation and its affiliate Mayflower Communities, working in partnership with St. Vincent Health, announced last week they had completed financing for The Barrington of Carmel, a 501(c)3 nonprofit continuing care retirement community (CCRC). Financing was completed through the sale of $119,020,000 in Series 2012 […]
Berkadia Arranges $40 Million Financing for Va. Senior Housing Property Berkadia Commercial Mortgage LLC recently originated $39.7 million in financing through Fannie Mae for a senior living community located in Richmond, Va. Heidi Brunet, vice president at Berkadia, worked with the borrower, Smith/Packett, to secure a 10-year, fixed-rate financing with features including a 70% loan-to-value […]
Berkadia Originates $25.8 Million in Supplemental Loans for Capital Senior Living Berkadia Commercial Mortgage LLC’s Lenox, Mass. office recently closed on $25.8 million of supplemental financing on a portfolio of loans for affiliates of Capital Senior Living Corporation. Christopher Fenton, a vice president at Berkadia, worked with lenders at Fannie Mae and Freddie Mac to […]
Summer is starting to heat up along with the job opportunities and movement in senior housing. This week’s movers and shakers are a veritable list of jalapenos, hopping and hot. Interested in a change of scenery? SHN’s job board is chock-full of opportunities for new adventures. For employers, SHN’s senior living jobs (link SLJ to […]
Love Funding Secures $8.56 Million Construction Loan for Fla. ALF Love Funding recently closed an $8.56 million loan for the construction and permanent financing of Viera Manor Assisted Living Facility, a new senior living center in Viera, Fla., meant to provide housing for U.S. veterans. Laura Saull-Smith, a senior director at Love Funding out of […]
RED CAPITAL Closes $125.8 Million of Seniors Housing Loans in March RED CAPITAL GROUP, LLC’s Seniors Housing Group completed 15 seniors housing transactions for a total of more than $125.8 million in closed loan proceeds in the month of March. Loan types ranged from Ginnie Mae/FHA new construction, refinances, and acquisition/refinances, to Fannie Mae MBS/DUS […]
Berkadia Originates $62 Million in Senior Housing Financing in Three Transactions Berkadia Commercial Mortgage recently originated a total of $61.7 million in financings for seniors housing properties located in California, Oregon, Texas, and Virginia. Berkadia Arranges $17.5 Million of Refinancing for Two Emeritus-Operated Communities For two communities operated by the Emeritus Corp., Berkadia arranged a […]
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