While the past year has been characterized by robust senior housing financing activity, uncertainty related to the fiscal cliff and tax changes has amped up transactional pace prior to 2013—even though the new year is not expected to be substantially different in terms of financing availability. The fiscal cliff is affecting many areas of the […]
Capital One Bank
Capital One Closes $11.5 Million Loan for Tex. Senior Care Center Capital One Bank recently closed a $11.5 million, five-year senior secured term loan for Advanced Rehabilitation and Healthcare of Bowie, a newly constructed skilled nursing facility that opened in the spring of 2012 in Bowie, Tex. The loan was used to refinance the construction […]
Despite ongoing economic uncertainty, financing for senior housing looking ahead to 2013 is becoming more available—but on certain conditions, finance experts agree. “We’re definitely seeing things loosening up out there,” said Thomas Hanrahan, managing director of healthcare real estate at Capital One Bank, during a Senior Housing News Summit event held last Thursday in Chicago. […]
With interest rates at such competitive levels, finance activity in the senior housing industry is intensifying, and it’s not just for refinances or permanent financing—there’s also a fair amount of opportunistic activity for acquisitions and even new construction, lenders say. Low interest rates are spurring finance transactions in more ways than one, says Keith Reuben, […]
Sunrise Refinances Assisted Living Section of Troubled Maryland Senior Complex Sunrise Senior Living (NYSE:SRZ) announced last Thursday that its Fox Hill assisted living venture has refinanced the existing mortgage financing on the assisted living section of the Bethesda, Md. Fox Hill senior living community. The new mortgage financing was provided by Eagle Bank, says Sunrise, […]
In the past 30 years, Capital One has transformed itself from “just” a credit card company into one of the U.S.’s top banks. And as part of its lending arm, Capital One Bank says it has a significant focus on its commercial and specialty finance business, which encompasses senior housing and care lending. Last Fall, […]
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