With interest rates at such competitive levels, finance activity in the senior housing industry is intensifying, and it’s not just for refinances or permanent financing—there’s also a fair amount of opportunistic activity for acquisitions and even new construction, lenders say. Low interest rates are spurring finance transactions in more ways than one, says Keith Reuben, […]
Lancaster Pollard
There may be a big change around the corner for continuing care retirement communities and other care continuum campuses seeking financing from the Department of Housing and Urban Development (HUD) regarding the agency’s guidelines for providing loans to communities where more than 25% of their units are unlicensed. Traditionally, HUD financing has a limitation on the […]
The senior housing industry is seeing a flurry of financing activity with interest rates as competitive as they are, and many lenders are saying that considering the possible financial benefits that can be reaped, now is the time to refinance portfolios both large and small. “We’re seeing a tremendous amount of refinancing, [especially] for people […]
An increasingly popular means of reducing the institutional nature of senior-care facilities, the household model is “a living arrangement where all activities of daily living occur within a small-scaled environment, reminiscent of a large family home” [citation]. Typically, a senior-living campus will have multiple households containing 10 to 20 units each. In 2010, we examined […]
Prudential Closes $13.7 Million Construction Take-Out Loan for Ohio Community Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU), recently closed a $13.7 million construction take-out loan for an Ohio senior living community. Parker Place is a three-story, 124-unit independent living complex located in Mentor, Ohio. The loan term is […]
Summer is starting to heat up along with the job opportunities and movement in senior housing. This week’s movers and shakers are a veritable list of jalapenos, hopping and hot. Interested in a change of scenery? SHN’s job board is chock-full of opportunities for new adventures. For employers, SHN’s senior living jobs (link SLJ to […]
Ventas Selling 5.2 Million Shares to Citigroup to Build Working Capital Healthcare real estate investment trust Ventas Inc. (NYSE:VTR) said on Thursday it had agreed to sell 5.2 million shares to Citigroup (NYSE:C), with plans to use the proceeds to repay debt and build working capital. When the market closed on Thursday, the REIT’s shares […]
As America’s older population grows, so does the demand for affordable senior housing—especially following the economic downturn. Considering nonprofit providers’ need to access capital at a reasonable cost in order to supply an increasingly necessary commodity, Lancaster Pollard recently updated its “Financing Options for Nonprofit Senior Living Organizations” guide. The guide is meant to “demystify” […]
Credit ratings can be useful for senior living providers—even the smaller companies—for improving access to capital, gaining economic value through demonstrating financial health, and benchmarking performance against other similar organizations, said a group of panelists during an online senior living conference held in March, reports Healthcare Finance. “At its core, credit ratings provide transparency and […]
May flowers are in bloom after some strong April showers. Want to announce your new buds in your garden? Email us at [email protected]. Looking for talent? We got you covered with our senior housing jobs board. It’s got a plethora of opportunity for both job seekers and employers. For less than $1 per day, you […]
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