Senior Housing Finance Activity: Cushman & Wakefield, Lancaster Pollard, Independa

Cushman & Wakefield Arrange $12 Million Acquisition Financing for LCB Cushman and Wakefield’s Senior Housing Capital Markets Group has arranged $12.3 million of capital for LCB Senior Living’s acquisition of a memory care community in Lincoln, Rhode Island. The acquisition financing was provided by Wells Fargo Bank, with joint venture equity provided by Prudential Real […]

Senior Housing Finance Activity: Grandbridge, Cushman & Wakefield, LTC Properties

LTC Enters $141 Million Mortgage Loan Agreement with Prestige LTC Properties, Inc. (NYSE:LTC) announced recently it has entered a $141 million mortgage loan agreement with affiliates of Prestige Healthcare, secured by 15 properties with a total of 2,092 licensed skilled nursing beds and 24 independent living units in Michigan. The loan has a 30-year term […]

LCB Senior Living Targets Acquisitions Through $40 Million Private Equity Partnership

New York-based private equity group Berkshire has formed a $40 million senior housing joint venture with LCB Senior Living, the companies announced this week, with Cushman & Wakefield advising Berkshire on the deal. LCB Senior Living, based in Massachusetts, is a developer, operator and third-party manager of senior housing communities in New England and the […]