CBRE Arranges $48M Acquisition Financing for Ariz. Seniors Housing Portfolio CBRE National Senior Housing arranged a portfolio sale and acquisition financing for the Golden Pond Portfolio. The portfolio consists of a 26-acre, three property (430-unit) campus in Peoria/Sun City, Ariz. and a 148-unit assisted living/memory care community in Yuma, Ariz. CBRE secured a $48.5 million, […]
CBRE Capital Markets
Lancaster Pollard Provides $5M Acquisition Financing for N.C. AL, Dementia Care Facility Lancaster Pollard’s recently launched finance company provided a $5.3 million balance sheet loan to fund Meridian Senior Living’s acquisition of Lawyer’s Glen Retirement Living Center. Lawyer’s Glen Retirement Living Center is an 82-bed licensed assisted living (AL) and dementia care facility located in Charlotte, N.C. […]
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 […]
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 […]
CBRE Capital Markets Arranges $8M Acquisition Financing for Wash. IL, AL Community CBRE’s Senior Housing Debt & Structured Finance team in Houston, TX arranged acquisition financing on behalf of Auctus Capital Partners for Crossroads Retirement Center. Crossroads Retirement Center is a 103-unit independent living and assisted living community located in Bellevue, Wash. CBRE secured an […]
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 […]
Here’s a roundup of some of the most recent financing transactions in senior housing and care. Prudential Mortgage Provides $11.7M Loan to Ore. ALF, SNF, Memory Care Community Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU), provided an $11.7 million loan to West Linn Care Center Holding Company, […]
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