Across the U.S., some developers are finding it a little more difficult to get money to build new senior housing projects. And it’s not just the developers saying that. Some of those big national capital providers also agree that construction loans for senior housing are generally harder to come by these days. Issues like construction […]
HJ Sims
HJ Sims Underwrites $40.6 Million Refinancing for Senior Housing Community in Minnesota Connecticut-based investment bank HJ Sims recently underwrote $40.6 million in bonds to refinance debt on The Homestead at Anoka, a nonprofit senior housing community in Anoka, Minnesota, that’s owned by Minnesota-based nonprofit corporation America National Services. The financing will refund the 2011 bonds that […]
HJ Sims Arranges $17.5 Million Bond Refinancing for New Hampshire CCRC HJ Sims, an investment bank based in Connecticut, recently arranged $17.5 million in bond financing for a nonprofit continuing care retirement community (CCRC) in Laconia, New Hampshire. The new bonds will replace and restructure existing debt on the CCRC, Taylor Community, in addition to terminating […]
PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round. PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living […]
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 […]
NHI Announces $14 Million Construction Mezzanine Loan National Health Investors, Inc. (NYSE: NHI), a real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments, has entered into a construction mezzanine loan commitment with its tenant, Senior Living Communities, LLC (SLC), for the development of […]
HJ Sims Arranges $22.5M Refinancing for Md. CCRC HJ Sims provided a bank refinance for a continuing care retirement community (CCRC) in Annapolis, Md. The CCRC had a securitized $17 million mortgage that did not allow a prepayment, according to The SeniorCare Investor. HJ Sims arranged through a local bank a new $16.5 million mortgage […]
HJ Sims Provides Financing for Fla. Senior Rental Community HJ Sims, a privately held investment bank and brokerage firm, provided financing for a senior living residential rental community for seniors aged 55 and older located in Kissimmee, Fla. Tuscan Isle is immediately adjacent to Solivita, a residential 55+ community with more than 7,000 residents. Tuscan Isle […]
Construction: Planned Carriage Hill Assisted Living to Break Ground Next Week Carriage Hill Assisted Living will break ground on a new assisted living facility in Madbury, New Hampshire on March 26, the company said in a release. The 24-bed facility will feature architectural features in the style of a New England barn, living rooms, a […]
Construction: Planned Ohio Senior Living Community Plans $20 Million Expansion Otterbein Senior LIfestyle Choices is planning a $20 million expansion to add more housing to its continuing care retirement community (CCRC) campus in Lebanon, Ohio, reports Dayton Business Journal. The project will create 83 independent living units across 20 new buildings, among them will be 17 […]