GSEs Find Niche in Long-Term Senior Housing Financing

Ever since the “Big 3” healthcare real estate investment trusts (REITs) began showing up to the biggest senior housing acquisition bashes of the last few quarters, agency finance has been forced to look for new parties to attend, many of which involve long-term financing. Despite improving liquidity for senior housing and ongoing talks regarding the […]

Despite Scrutiny, Fannie and Freddie’s Senior Housing Focus Sharpens

Fannie Mae and Freddie Mac are once again at the center of reform talks in the latest chapter of the two government-sponsored entities’ troubled saga, but despite all the scrutiny, lenders say both agencies’ role in the senior housing industry is growing.  “Both agencies have a very strong appetite for seniors housing assets,” says Allison […]

Economic Downturn Pushes Half-Occupied Upscale Ohio CCRC Into Bankruptcy

An upscale continuing care retirement community (CCRC) in Ohio with an approximately 53% occupancy rate has filed for Chapter 11 bankruptcy protection, court documents show. South Franklin Circle is a not-for-profit community that opened in 2009 and has struggled to achieve high occupancy due to the economic downturn. The CCRC currently has about $110.2 million of […]

Senior Housing & Care Finance Activity: KeyBank, Capital One, Grandbridge

Grandbridge Real Estate Capital Facilitates $7 Million Financing for ALF Renovation Grandbridge Real Estate Capital recently facilitated the financing for an affiliate of The Carlyle Group’s joint venture with Atlanta-based Formation Development Group to acquire and renovate The Renaissance on Peachtree, an assisted and independent living community located in the Buckhead neighborhood of Atlanta, Ga. […]

Recent Senior Housing & Care Finance Transactions: Lancaster Pollard, KeyBank, Beech Street (3/8/2012)

Cushman & Wakefield Sonnenblick Goldman Arranges $47.3 Million Financing for Georgia CCRC Cushman & Wakefield Sonnenblick Goldman recently arranged a $47.3 million mortgage financing to refinance the existing indebtedness of Park Springs, a stabilized 474-unit continuing care retirement community located in Stone Mountain, Ga. “This financing demonstrates how a successful CCRC can still attract very […]