Dwight Capital Funds $42 Million of HUD Loans in December Dwight Capital, a national provider of commercial loans, has announced that it has funded $41.5 million in Department of Housing and Urban Development (HUD) loans for three multifamily and senior housing properties. The properties include: Highland Park Apartments in Denver, Colo., Reserve at Towne Crossing […]
Cushman & Wakefield
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, […]
Diversicare Announces Acquisition of Operations of 2 Ohio Properties Diversicare Healthcare Services, Inc. (NASDAQ:DVCR), a provider of long-term care services, recently announced the assumption of operations at two facilities in Ohio. The transaction includes a 142-bed skilled nursing facility in Avon, Ohio, and a 42-bed assisted living facility in Ontario, Ohio. These facilities are expected […]
Here’s a roundup of some of the most recent financing transactions in senior housing and care. Cushman & Wakefield Arranges $48.2M in Development Capital for Two Mass. Senior Housing Projects Cushman & Wakefield’s Senior Housing Capital Markets, part of the firm’s equity, debt and structured finance service line, arranged $48.2 million of senior construction financing […]
Beech Street Refinances Illinois Supportive Living Facility for $20.7 Million Beech Street Capital, a Capital One company, has provided a $20.7 million HUD loan to refinance a supportive living facility in Illinois. Under a federal waiver, supportive living facilities in Illinois can receive Medicaid support for low-income residents that need assistance with activities of daily living, […]
While many of the largest senior housing deals have been done in line with the housing market rebound post-recession, investors anticipate there will still be considerable opportunities across the market landscape in 2014 and beyond. While the Big Three REITs have dominated the market for portfolio acquisitions in recent months, smaller REITs as well as […]
Want the latest pulse on senior housing M&A for 2014? Don’t miss the upcoming Senior Housing News webinar on Tuesday, February 25 at 1 p.m. Central to get valuable information from top industry players on who’s selling and who’s buying. Healthcare REITs have rocked the senior housing industry with several mega acquisitions in the past few years, but there […]
Griffin-American Healthcare REIT II has acquired four continuing care retirement communities located in the Midwest from West Loop Holdings, LLC in a RIDEA-structured deal. The purchase price was about $300 million, according to unnamed sources close to the deal. The involved parties did not disclose the purchase price in documents filed with the Securities and […]
Grandbridge Seniors Housing Group Facilitates Acquisition Financing Grandbridge’s Seniors Housing and Healthcare Finance Team facilitated bridge financing for the joint venture between Focus Healthcare Partners and Artemis Real Estate Partners on the 192-unit Skagit Valley Senior Village in Burlington, Wash. As the project had been purchased without debt, the loan allowed the joint venture to […]
Construction: Planned Developers Propose St. Louis-Area $20 Million Assisted Living Project The Grove Assisted Living, LLC, and Long Road Acquisition, LLC, are proposing a $20 million assisted living and memory care project for the Sunset Hills area located just outside of St. Louis, Missouri, reports St. Louis Business Journal. The project, dubbed The Grove in […]
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