Ziegler Closes $44M Financing for Greencroft CCRC Ziegler recently announced the successful closing of the $43,975,000 fixed-rate Series 2013A Bond issue for Greencroft Obligated Group. At the time of issuance, the Greencroft Obligated Group consists of Greencroft Goshen, Hamilton Grove and Southfield Village. Each of the Obligated Group members is a 501(c)(3) corporation and each owns and operates […]
Cambridge Realty Capital Companies
Housing & Healthcare Finance Closes $58M in HUD Loans During November and December Housing & Healthcare Finance closed a total of $58,789,000 in HUD loans. The loans included a total of $22.5 million in HUD Section 232/223(f) loans to refinance four skilled nursing facilities in Missouri. Another $19.4 million of loans were through the HUD […]
Capital One Bank Announces $115 Million in Financial Transactions Capital One Bank recently announced it acted as a joint bookrunner for an $85 million, seven-year senior secured term loan to subsidiaries of Parkwood Properties, Inc. and a $30 million revolver loan to Palm Garden Healthcare Holdings, LLC. Parkwood Properties will use the term loan to refinance […]
Grandbridge Seniors Housing Group Facilitates Acquisition Financing Grandbridge’s Seniors Housing and Healthcare Finance Team facilitated bridge financing for the joint venture between Focus Healthcare Partners and Artemis Real Estate Partners on the 192-unit Skagit Valley Senior Village in Burlington, Wash. As the project had been purchased without debt, the loan allowed the joint venture to […]
Red Capital Partners Closes $20.6 Million Senior Housing Construction Loan Red Capital Partners, LLC, the proprietary banking arm of RED CAPITAL GROUP, LLC, announced recently the closing of a $20.6 million seniors housing balance sheet construction loan for Kensington of Sierra Madre in California. Kensington of Sierra Madre will be a two-story assisted living and […]
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 […]
Greystone Closes $117 Million Portfolio Acquisition of Affordable & Senior Housing Greystone recently announced the closing of a $117 million multifamily transaction in Georgia to be used toward the acquisition and rehabilitation of 44 affordable housing properties, more than half of which are designated senior housing. The portfolio contains 1,362 units that serve low-income households in […]
Cambridge Realty Capital Closes $7.7 Million HUD Refinance for Ill. Senior Living Center Cambridge Realty Capital Companies closed a $7.7 million HUD Lean loan to refinance an Illinois assisted living facility in Springfield, Ill. The 40-year, fully-amortized loan was for the Springfield Supportive Living Center’ and was arranged for the property’s owner through HUD’s Section […]
Cambridge Closes a $13.3 Million Refinance for Nevada Senior Care Facility Cambridge Realty Capital Companies recently provided a $13.3 million FHA-insured HUD Lean loan to refinance Highland Manor of Elko, a 147-bed skilled nursing and assisted living facility in Elko, Nev. The fully-amortized, 35-year term loan was arranged through HUD’s Section 232/223(f) funding program and […]
Beech Street Capital Closes $8.9 Million Refinance for New Jersey SNF Beech Street Capital, LLC announced that it provided an $8.9 million HUD Section 223(a)(7) loan to refinance Arcadia Nursing & Rehabilitation Center, a 128-bed skilled nursing facility in Hamilton Square, New Jersey. The borrower had 28 years left on an existing $9 million FHA-insured […]
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