Transactions & Financings: Ventas’ $1 Billion Paper Note Program, Welltower’s $400 Million MOB Acquisition

Ventas Announces $1 Billion Commercial Paper Note Program Ventas (NYSE: VTR) established an unsecured paper note program in the U.S. Unsecured notes are loans that are not backed by an issuer’s assets. Instead, they are supported only by the borrower’s creditworthiness, and have a higher rate of return. The program allows the Chicago-based health care […]

Post-Acute Plus Assisted Living: Attractive Investment or Risky Endeavor?

Interplay between skilled nursing facilities (SNFs) and assisted living communities is certainly nothing new, but some signs suggest it makes more sense than ever to co-locate these services. Yet, even with the implementation of the Affordable Care Act and further emphasis on moving patients through the continuum of care as efficiently as possible, industry leaders see […]

Senior Housing Finance Activity: Prudential Mortgage, Ziegler

Prudential Mortgage Refinances $41M For Md. Senior Living Community  Prudential Mortgage Capital Company provided a $41 million loan to Fountain Square Properties to refinance Kensington Park, a class A independent, assisted and memory care community located in Kensington, Md.   Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: […]

Senior Housing Investments & Transactions: Chicago Pacific Founders

Marcus & Millichap Announce $13.8 Million Sale of Ohio ALF Mark Myers, Joshua Jandris and Charles Hilding of Marcus & Millichap Institutional Property Advisors represented the seller in a transaction that closed recently, involving an 82-unit assisted living and memory care facility in Canton, Ohio. The Landing of Canton was sold by a private seller […]

Senior Housing Finance Activity: Love Funding, CNL Healthcare Properties

Love Funding Secures $13.6M Refinancing For Calif. Affordable Senior Housing  Love Funding closed a $13.6 million refinancing loan for Sunset Normandie Towers, a 148-unit Section 8 senior living facility in Los Angeles, Calif. The financing was secured by Senior Director Artin Anvar of Love Funding’s Washington, D.C. office through the U.S. Department of Housing and […]

Senior Housing Finance Activity: Capital One, Greystone

Capital One Bank Closes $5.7M FHA Loan to Refinance Ill. SNF       Capital One Multifamily Finance provided a $5.7 million fixed-rate, HUD 232/223(f) loan to refinance a 144-bed skilled nursing facility in northern Illinois. The property was built in 1972, with additions in 1988 and 1993. The key principals are owners and operators […]

Senior Housing Finance Activity: Love Funding, Capital One Bank

Love Funding Refinances $11.6M for Mich. AL Love Funding, a provider of FHA multifamily, affordable and healthcare financing, closed a $11.6 million refinancing for Grand Pines Assisted Living Center, a 104-bed assisted living facility in Grand Haven, Mich. Love Funding Midwest Regional Director Bruce Gerhart secured the loan through the U.S. Department of Housing and Urban […]

Senior Housing Finance Activity: RED Mortgage, Love Funding

RED Mortgage Provides $4.4M FHA Loan to Ore. AL Facility   RED Mortgage Capital, LLC arranged a $4,405,200 FHA 232/223(f) mortgage loan for The Bridge, a retirement and assisted living community in Grants Pass, Ore. The community has 63 assisted living units.   RED Mortgage Provides $8.5M FHA Loan to Ohio AL/Memory Care Facility  RED Mortgage Capital, LLC arranged […]

Senior Housing Finance Activity: Love Funding, Ziegler, CBRE

Capital One Bank Refinances $36M for S.C. Senior Living Community Capital One Bank provided a $36.3 million secured term loan to affiliates of Dominion Partners, LLC. to refinance the original construction loan on Somerby of Mt. Pleasant, a senior living community outside Charleston, S. C.  Headquartered in Birmingham, Ala., Dominion Partners has developed a number […]