This week, our most read stories revolved around a record-high False Claims Act settlement for a Tennessee-based skilled nursing provider; newly launched digital shadow boxes for memory care communities; and a new entrant into the senior housing lending business. Here in the newsroom, we enjoyed listening to a 92-year-old comedian do a stand-up routine at […]
Fannie Mae
A major name in U.S. banking has now joined the ranks of senior housing lenders through a recently announced acquisition. SunTrust Banks, Inc. (NYSE: STI) announced Thursday it has entered into a definitive agreement to acquire substantially all of the assets of the operating subsidiaries of Pillar Financial, LLC, a direct lender for health care and […]
Lifespace Communities Appoints Senior VP of Business Development Lifespace Communities, one of the nation’s largest not-for-profit senior living providers, hired Joe Anderson as senior vice president of business development. In the role, Anderson will drive the Des Moines, Iowa-based company’s growth through mergers and acquisitions. He comes to the role with almost 30 years of […]
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Welltower Announces Closing of Expanded $3.7 Billion Unsecured Credit Facility Toledo, Ohio-based real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) announced it has closed an approximate $3.7 billion unsecured credit facility, consisting of a $500 million term loan, a $3 billion revolving line of credit and a CAD 250 million term loan ($193.5 million at exchange […]
Mainstreet Announces 3 New Hires Mainstreet, a Carmel, Indiana-based development and investment company, announced three new hires for the month of April. Scott Juetten has been named Mainstreet’s new vice president of financial operations for Mainstreet Health. He previously worked for Kindred Healthcare, where he was vice president and controller of the nursing center division. Mainstreet […]
Capital One Appoints SVP, Chief Underwriter for Multifamily Finance Capital One announced the appointment of Cortney Mauldin as senior vice president and chief underwriter for multifamily finance. In this role, Mauldin will be responsible for the oversight and quality control of all underwriting functions related to Federal Housing Administration (FHA) insured transactions, including health care and senior […]
Senior Lifestyle Announces New COO Chicago-based owner, operator and developer Senior Lifestyle Corp. announced the appointment of Lisa A. Fordyce as COO, where she will be responsible for leading the company’s operational business strategies and care initiatives. Before joining Senior Lifestyle, Fordyce served as a vice president of operations at Emeritus Senior Living, leading its […]
RED Capital Group Closes $11.1 Million Refinance for MBK Senior Living RED Mortgage Capital, the proprietary mortgage banking arm of RED Capital Group, LLC, has closed an $11.1 million refinance loan for Chancellor Gardens of Clearfield, an MBK Senior Living-owned and operated community located in Clearfield, Utah. “MBK was seeking a customized product for this […]
Capital One Appoints New Senior Vice President to Seniors Housing and Healthcare Agency Lending Group Capital One announced on Sept. 17 the appointment of Allison Holland as the company’s senior vice president to its Seniors Housing and Healthcare Agency Lending Group. In her new role, Holland will serve as originations manager for Fannie Mae and Freddie […]
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