Financings EBSC Lending provides $26.2M for affordable housing EBSC Lending provided $26.2 million in financing for a 41-unit affordable senior housing complex in Michigan. According to a press release, the non-profit owner and borrower will use the financing to to refinance existing debt and fund capital improvements to the community to maintain its affordable status, […]
Cambridge Realty Capital Companies
Cambridge Realty Capital Founder and CEO Jeffrey Davis died unexpectedly on April 18, according to the company. “Jeff was a visionary and trailblazer in the senior housing and healthcare finance sector and saw its immense potential and growth long before others deemed it as a class outside of commercial real estate,” said Cambridge Realty President […]
This article is sponsored by Cambridge Realty Capital Companies. In this Voices interview, Senior Housing News sits down with Cambridge Chairman and CEO Jeffrey Davis to learn how senior living finance has been impacted by the COVID-19 pandemic. Davis also shares insight into what senior housing operators are doing to adapt and navigate the new […]
AllyAlign Health closes $10M funding round AllyAlign Health, a developer and administrator of Medicare Advantage (MA) special needs plans benefiting long-term care providers, closed a $10 million strategic funding round, led by McKesson Ventures, as the Richmond, Virginia-based firm looks to expand. And senior living is in its sights, AllyAlign President President Amy Kaszak told […]
ESI Arranges Sale of $38 Million Portfolio in Arkansas Evans Senior Investments (ESI) represented the sale of two senior housing communities in Bentonville and Rogers, Arkansas, for about $38 million. The two communities have a total of 208 total senior housing units. At the time of the sale, the Bentonville community had just recently opened and […]
Ziegler Closes $34.49 Million Bond Issue on Behalf of UMRH Chicago-based speciality investment bank Ziegler announced the successful closing of the $34,485,000, tax-exempt, fixed-rate Series 2016A Bond issue on behalf of The United Methodist Retirement Homes (UMRH). UMRH, a Life Care Services partner since 2000, is a multi-site operator of three continuing care retirement communities […]
Mainstreet Health Investments to Seek $95 Million in Canadian Share Offering Toronto-based Mainstreet Health Investments Inc. is planning to raise $95 million by listing on the Toronto Stock Exchange and selling shares in Canada. Mainstreet Health Investments, which owns 11 seniors housing and care properties in Illinois, is controlled by Carmel, Indiana-based real estate developer Mainstreet Property Group. […]
Silver Arch Closes $4.75 Million Loan for Michigan Assisted Living Facility Silver Arch Capital Partners, a New Jersey-based private lender to the commercial real estate market that specializes in alternative lending, closed a $4.75 million loan for Belle Oakes Living Center, an assisted living facility in Lake City, Michigan. The owners of the facility will […]
Bank Leumi Closes $27 Million Refinancing of Florida Community Bank Leumi, a full-service commercial and private bank, refinanced $27 million of a $54 million senior secured term loan for a Central Florida retirement campus. Bank Leumi structured the five-year loan and served as the lead and administrative agent. The loan structuring was led by Hely […]
Greystone Assists Oakmont Senior Living Obtain $23.5M for New Calif. Facility Greystone, a real estate lending, investment and advisory company, assisted Oakmont Senior Living in obtaining $23,500,000 as an additional tranche to its $150 million Freddie Mac revolving credit facility provided in December 2013. The new tranche ultimately provided funding for Oakmont of Carmichael, a […]
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