Senior Housing Finance Activity: KeyBank, Grandbridge

KeyBank Provides $703 Million for Blackstone’s 64-Community Senior Housing Acquisition KeyBank Real Estate Capital’s Healthcare platform recently provided a $703 million financing package to a joint venture led by Blackstone (NYSE: BX) that purchased a senior housing portfolio with 64 communities from HCP, Inc. (NYSE: HCP). The portfolio is made up of 5,973 units in […]

Senior Housing Finance Activity: Walker & Dunlop, HHC Finance

KeyBank Closes Acquisition Loan for Three Senior Housing Communities in Pennsylvania KeyBank Real Estate Capital’s healthcare platform recently closed an acquisition loan for Baltimore-based Capital Health Group to purchase three senior housing communities located in Southeast Pennsylvania. Together, the communities have more than 500 units. Shortly after purchasing the portfolio, Capital Health Group refinanced Key’s acquisition/bridge […]

Senior Housing Finance Activity: CBRE, Cushman & Wakefield

Thorofare Capital Provides $19 Million Loan for Senior Living Community in Phoenix Los Angeles-based investment manager Thorofare Capital recently provided a $19 million, fixed-rate bridge loan to refinance debt on MorningStar at Arcadia, a 135-bed senior living community in Phoenix. MorningStar Senior Living operates the four-story, 139,643-square-foot community, which has 80 assisted living units and 30 memory […]

Senior Housing Finance Activity: PointClickCare Raises $85 Million

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 […]

Senior Housing Finance Activity: Love Funding, NHI

Love Funding Closes $19 Million Loan for Affordable Apartment Community in Virginia Washington, D.C.-based Love Funding recently announced the closing of a $19 million loan meant to preserve and refurbish Tysons Tower, an 274-unit affordable senior housing community in Vienna, Virginia.  Tysons Tower was built in 1976 by The Fairfax Education Association Retirement Housing Corporation […]

Senior Housing Finance Activity: Mainstreet Health Investments, SunTrust Banks

SunTrust Banks Closes on Acquisition of Pillar Financial’s Multifamily Business SunTrust Banks Inc. (NYSE: STI) recently closed on its previously announced acquisition of all of the assets of the operating subsidiaries of Pillar Financial LLC, which includes receiving Freddie Mac, Fannie Mae, and Federal Housing Administration Agency license transfer approvals. The acquired assets include Pillar’s multifamily […]

Senior Housing Finance Activity: RED Capital, CBRE

RED Closes $20 Million Balance Sheet Construction Loan for Creekside Senior Living RED Capital Partners, LLC recently completed a $20 million Balance Sheet construction loan for the development of Creekside Senior Living, a Class A assisted living and memory care community with 129 units in Bountiful, Utah. Specifically, the loan was completed for Creekside Senior […]

Senior Housing Finance Activity: Greystone, CBRE

Greystone Provides $49.4 Million in Freddie Mac Financing for Seniors Housing in California and Colorado Greystone, a real estate advisory, investment and lending firm, announced it provided $49.9 million in Freddie Mac loans to refinance two assisted living and memory care communities in Denver, Colorado, and Carmichael, California. Greystone Managing Directors Scott Kavel and Cary […]

Senior Housing Finance Activity: Capital One, KeyBank

Capital One Closes $61 Million Term Loan and $12 Million Revolving Credit Facility to CommuniCare Family of Companies Capital One (NYSE: COF) acted as the sole lead arranger and administrative agent for a $61 million syndicated term loan and $12 million syndicated revolving credit facility to affiliates of CommuniCare Health Services. The loan and credit […]

Seniors Housing Finance Activity: KeyBank, Ziegler

Ziegler Closes $110.96 Million in Financing for Epworth Living at The Ranch Chicago-based speciality investment bank Ziegler announced the closing of the $110.96 million, unrated, tax-exempt, fixed-rate Series 2016 Bond issue for Epworth Living at The Ranch, a nonprofit continuing care retirement community (CCRC) in Stillwater, Oklahoma. The Ranch will have 23 independent living villas, […]