HJ Sims Underwrites $240 Million Public Bond Issue for Massachusetts Life Plan Community Fairfield, Connecticut-based HJ Sims, a privately held investment bank and wealth management firm, will serve as lead underwriter for the upcoming issue of refunding bonds for Massachusetts Development Finance Agency, for its NewBridge on Read More »
Senior Housing Finance Activity: Harborview Capital Partners, Caddis
Love Funding Secures $6.66 Million Loan to Refinance Detroit Affordable Senior Housing Love Funding, a Chicago-based provider of Federal Housing Authority (FHA) multi-family, affordable and health care financing, has provided a $6.66 million loan for the refinancing and repair of Greenhouse Apartments, an affordable senior Read More »
Senior Housing Finance Activity: Capital One’s $551 Million Loan to KAREA
Capital One Provides Loans Totaling $551 Million to Kayne Anderson Bethesda, Maryland-based Capital One has provided two loans—a $251 million bridge loan and a $300 million Freddie Mac seniors housing revolving credit facility—to Kayne Anderson Real Estate Advisors (KAREA) for its purchase of Orlando-based Sentio Read More »
Senior Housing Investments & Transactions: Fortis Files for Receivership
Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Read More »
Senior Housing Finance Activity: HJ Sims, Capital One
HJ Sims Completes $98 Million Financing for Life Plan Community in Pennsylvania HJ Sims, a privately held investment bank and wealth management firm, recently completed a $98 million financing for Brethren Village, a life plan community in Lancaster, Pennsylvania. The financing consisted of fixed-rate, BB+ Read More »
Senior Housing Finance Activity: Greystone, Walker & Dunlop
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 Read More »
Investor Group Makes $625,000-Per-Unit NYC Senior Housing Play
Another high-profile senior housing project is coming to Manhattan, through the nearly $150 million acquisition of a 15-story building on the Upper West Side. The art deco building has 239 units, meaning that the purchase price equates to more than $625,000 per unit. Despite this Read More »
Senior Housing Finance Activity: Capital One, Lancaster Pollard
Capital One Establishes Unitranche Loan Program Capital One (NYSE: COF), with HPS Investment Partners as its strategic co-investor, recently established a new program to originate unitranche loans to middle-market health care companies. The program, through Unitranche Loan Transaction, LLC, will help borrowers to obtain first lien unitranche Read More »
Senior Housing Finance Activity: Capital One, Ziegler
Capital One Closes $10.3 Million in FHA Loans to Refinance Two Illinois SNFs Capital One (NYSE: COF) recently announced that it has provided two fixed-rate HUD 232/223(f) loans totaling $10.3 million to refinance a 131-bed skilled nursing facility in Carbondale, Illinois, and a 70-bed skilled nursing facility Read More »
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, Read More »