Three big names in senior housing finance — Hunt Real Estate Capital, Lancaster Pollard and RED Capital Group — now are unified under a single brand name, Lument. The three firms were acquired individually by ORIX USA, a division of international financial services group ORIX Corporation. ORIX took full ownership of RED in 2016; acquired […]
Lancaster Pollard
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Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]
Federal Reserve’s bond-buying program includes Welltower, Ventas, Healthpeak Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Healthpeak Properties (NYSE: PEAK) are among the real estate investment trusts receiving funding as part of the Federal Reserve Bank of New York’s Secondary Market Corporate Credit Facility (SMCCF), The Real Deal reported. The program, established as part of the […]
When Steve Kennedy and Kass Matt chose April 1, 2020 to launch their new financial venture, VIUM Capital, they had no idea that they would be entering a chaotic capital markets landscape. “We picked this date out several months ago,” Kennedy told Senior Housing News. VIUM is launching as real estate capital markets enter an […]
Columbia Pacific sells Canadian portfolio for $177M Columbia Pacific Advisors is selling a six-property Canadian senior housing portfolio to Singapore Press Holdings for $176.6 million (C$232.9 million). The properties total 717 units and include: Heritage Meadows Gracious Retirement Living, an independent living community in Cambridge, Ontario The Bradley Gracious Retirement Living, an independent living community […]
HJ Sims closes $96M financing package for Asbury Communities HJ Sims closed on a $96.12 million bond refinancing for Asbury Communities’ senior housing communities in Pennsylvania: Bethany Village in Mechanicsburg; and Springhill in Erie. Sims assisted Asbury the communities’ outstanding Series 2010 Bonds on their first optional redemption date of January 1. Sims successfully priced […]
An “explosive and combustible environment” in the United States and around the globe is making it difficult to predict how the economy will fare — and how senior housing mergers and acquisitions will shake out — over the course of 2020. That’s one message from James Flynn, the CEO of Hunt Real Estate Capital who […]
ORIX Corporation USA has agreed to acquire Hunt Real Estate Capital, in a move that will further position ORIX as a heavy-hitter in senior housing financing. ORIX USA — part of Tokyo-based ORIX Corporation — has been steadily building its presence in the senior housing space. In 2010, ORIX invested in major senior housing lender […]
Loan volume was up in fiscal year 2019 and the average loan size of $13 million set a new record for the FHA 232 mortgage insurance program, which provides financing for senior housing and care properties. Total loan volume for FY 2019 reached $3.7 billion, which was an increase from $3.6 billion a year prior, […]
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