Senior Housing Finance Activity: AdCare, Oak Grove Capital, Cambridge

Cambridge Subsidiary Closes $28 Million Loan Modification for Senior Housing Portfolio Cambridge Investment and Finance Co., a subsidiary of Cambridge Realty Capital Companies, announced closing a $28 million conventional loan modification for four properties it owns and operates as SunRidge Senior Living in El Paso, Texas. The firm purchased the portfolio 18 months ago from […]

Senior Housing Finance Activity: Berkeley Point Capital, Love Funding, Cambridge

Washington Trust Finances $5 Million ALF Washington Trust’s Commercial Real Estate Group provided $5,000,000 in construction financing to Scandinavian Home, Inc. for a 2,000 square feet addition to an assisted living facility in Cranston, RI as well as renovations to existing facilities. Founded in 1930, Scandinavian Home is a non-profit community located in the Edgewood […]

Senior Housing Finance Activity: NorthStar, NHI, Ziegler

Three Pillars Senior Living Communities Issued $22.8 Million Bonds Cain Brothers served as sole underwriter in the issuance of the Three Pillars Senior Living Communities Series 2013 bonds, issued as unenhanced fixed rate bonds and rated “A-” by Fitch on the underlying credit strength of Three Pillars. The $22.82 million bond issuance was used to […]

Senior Housing Finance Activity: Cambridge, The Carlyle Group, Ziegler

Cambridge Closes $42.8 Million of Senior Housing & Care Loans Cambridge Closes $14.9 Million Nursing Home Loan Cambridge Realty Capital Companies recently announced the closing on a $14.9 million loan to refinance Green Park, a 188-bed skilled nursing home in St. Louis, Mo., announced chairman Jeffrey Davis.  The fully-amortized, 36-year term loan was arranged for […]

Senior Housing Finance Activity: Emeritus, Cambridge, Prudential, More

Prudential Mortgage Capital Closes Two Senior Housing Loans Totaling 19.8 Million Prudential Mortgage Capital Company recently closed two senior housing loans totaling nearly $20 million. The first was a $2.8 million, 20-year, fixed-rate loan to refinance Camino Retirement Apartments, a 98-bed assisted living and independent living community in Albuquerque, N.M. The second was a $17 […]

Senior Housing Finance Activity: Ziegler, Cambridge, Beech Street

Ziegler Closes $19.5 Million Appalachian Christian Village Financing Ziegler recently announced the closing of the $19.52 million tax-exempt, fixed-rate Series 2013 Bond issue for Appalachian Christian Village (ACV), a Tennessee not-for-profit corporation that owns and operates Appalachian Christian Village at Sherwood, a type-C CCRC, and Maple Crest, an independent living community, both in Johnson City, […]

Senior Housing Finance Activity: KKR, Sentio Healthcare Properties, Cain Brothers, More

KKR to Provide $150 Million of Equity to Sentio Healthcare Properties Real estate investment trust Sentio Healthcare Properties, Inc. announced the signing of a definitive agreement with an affiliate of global investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) for a commitment to provide $150 million of convertible preferred equity to Sentio in the […]

Senior Housing Finance Activity: Ventas, Cambridge, Lancaster Pollard, More

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 […]