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 […]
Cambridge Realty Capital Companies
Lancaster Pollard Structures Financings for Four Ohio Senior Living Communities Lancaster Pollard recently facilitated $36 million of financing for four Ohio nonprofit senior living communities, led by senior vice president Kass Matt out of the firm’s Columbus, Ohio office. “We were successful in providing historically low interest rates while utilizing flexible and efficient financing vehicles […]
With healthcare real estate investment trusts (REITs) having such a low cost of capital, it’s often difficult for private equity firms to compete when it comes to stabilized, “Class A” senior housing and care assets, but there’s room for investment when it comes to turnaround deals and development. REITs are grabbing the “lion’s share” of […]
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