Cain Brothers Arranges $11.2 Million Loan for Ore. Senior Care Facility Cain Brothers Funding arranged an $11,212,000 taxable loan insured under the FHA Section 232-223(a)7 LEAN program for Dallas Health Care Center, a 161-unit skilled nursing, assisted living, and memory care facility located in Dallas, Oregon. The proceeds of the new loan were used to […]
Cain Brothers
Ventas Sells $925 Million of Senior Notes Ventas Inc. (NYSE:VTR) subsidiaries Ventas Realty, Limited Partnership and Ventas Capital Corporation recently announced the issuance and sale of $700 million aggregate principal amount of its 2.00% senior notes due 2018 and $225 million principal amount of their 3.25% senior notes due 2022. View the 8-K. Cambridge Closes […]
Rather than risk going over-budget and endangering the future success of a planned senior living community, some companies are turning to “constructability” counselors to help ensure their plans for a project can be carried out as envisioned—and as budgeted. Senior living development projects are costing more to begin with and have increased 35%, on average, […]
Ziegler Closes $73.4 Million Financing for Hawaii CCRC Speciality investment bank Ziegler recently announced the closing of a $73.4 million fixed-rate Series 2012 Bond issue for Kahala Nui, a 6.6 acre continuing care retirement community located in Honolulu, Hawaii. Kahala Nui is a “type A” CCRC with 270 independent living units; 63 assisted living suites […]
Despite ongoing economic uncertainty, financing for senior housing looking ahead to 2013 is becoming more available—but on certain conditions, finance experts agree. “We’re definitely seeing things loosening up out there,” said Thomas Hanrahan, managing director of healthcare real estate at Capital One Bank, during a Senior Housing News Summit event held last Thursday in Chicago. […]
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 […]
In the 1970s and 80s, when they first emerged in large numbers, the Continuing Care Retirement Community (CCRC) product was the most progressive vehicle for caring for older adults as they aged. Residents entered CCRCs able-bodied and independent knowing they could move through the CCRC’s various levels of care—assisted living, memory care, and skilled nursing—as […]
Taxable Federal Housing Administration (FHA) insurance financing is the “best financing vehicle” for borrowers with “BBB” or unrated credit profiles from a cost standpoint, says the Cain Brother’s Strategies in Capital Finance report for Fall 2011 in reference to the agency’s Section 242 program, mortgage insurance for hospitals. Since the Department of Housing and Urban Development’s […]
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