Lancaster Pollard Hires Managing Director for Mergers and Acquisitions Lancaster Pollard has hired Chad Elliott as managing director of the firm’s mergers and acquisitions group. In his new role, Elliott will be tasked with leading the firm’s national efforts in sell-side and buy-side advisory services for seniors housing and care properties. Previously, Elliott served as […]
Grandbridge Real Estate Capital
Grandbridge Closes $17M Mortgage Loan for Wash. Senior Housing Community Grandbridge Real Estate Capital’s Atlanta-based Seniors Housing and Healthcare Finance team recently closed a $16,875,000 first mortgage loan secured by Courtyard Village, a 127-unit seniors housing community in Vancouver, Wash. Funding for the acquisition was provided through Grandbridge’s exclusive BB&T Real Estate Funding Structured loan […]
Love Funding Secures $13.6M Refinancing For Calif. Affordable Senior Housing Love Funding closed a $13.6 million refinancing loan for Sunset Normandie Towers, a 148-unit Section 8 senior living facility in Los Angeles, Calif. The financing was secured by Senior Director Artin Anvar of Love Funding’s Washington, D.C. office through the U.S. Department of Housing and […]
KeyBank National Association has been the No. 1 Fannie Mae lender in the senior housing sector for three consecutive years, according to rankings released Monday. Berkadia Commercial Mortgage, LLC claimed the second spot in the latest rankings, for 2014. Berkadia ranked No. 4 in 2013, which was the first year for which Fannie Mae named the […]
AdCare Health Systems Leases 10 Ark. Skilled Nursing Facilitates Long-term care provider AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA), as part of its ongoing strategic plan to transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing company, signed an agreement with Aria Health Group, LLC […]
Chelsea Jewish Foundation Announces Merger with Aviv Centers The Boards of Directors of the Chelsea Jewish Nursing Home Foundation, Inc. (CJF) and Aviv Centers for Living, Inc. recently announced that the two organizations are combining to serve seniors north of Boston. Together, they will become the largest senior living nonprofit organization on the North Shore, […]
Grandbridge Refinances $7M for Ga. Senior Housing Community The Atlanta-based Seniors Housing and Healthcare Finance team of Grandbridge Real Estate Capital closed a $7,064,700 first mortgage loan secured by Presbyterian Home and Retirement Community of Quitman. The transaction was referred to Grandbridge by BB&T bank. Funding for the full amortizing 35-year refinance was provided through […]
NorthMarq Capital Refinances $7M for Iowa Senior Housing NorthMarq Capital’s Omaha-based regional office secured a $7.366 million refinance for Woodlands Creek. Jason Kinnison, senior vice president of NorthMarq Capital’s regional office, secured the refinance for the 70 unit senior housing facility, located at 12605 Woodlands Parkway in Clive, Iowa. The transaction was structured with a 35-year term and […]
Grandbridge Real Estate Capital Closes $12.2M Mortgage Loan for Ore. Memory Care Facility The Atlanta-based Seniors Housing and Healthcare Finance Team of Grandbridge Real Estate Capital recently closed a $12,250,000 first mortgage loan secured by Quail Park Memory Care in Eugene, Ore. Funding for the refinance was provided by BB&T Real Estate Funding, Grandbridge’s balance […]
Capital One Bank Refinances $11M FHA Loan for Mich. SNF Capital One Specialty Healthcare Real Estate, part of Capital One Bank’s Commercial Real Estate Group, provided a $11.05 million HUD 232/223(f) loan to refinance a 231-bed skilled nursing facility in Michigan. “By taking an extremely thorough and conservative approach to underwriting, we were able […]
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