Movers & Shakers: Lancaster Pollard, Lifespace Communities

SHN’s Movers & Shakers Column is sponsored by the SHN Job Board. To look for assisted living jobs for yourself or a friend, visit https://jobs.seniorhousingnews.com. If you’re an employer, post your senior living jobs with us and attract the industry’s best-read professionals today. Have hiring/staffing announcements? Send them to editor@seniorhousingnews.com Lancaster Pollard Hires Managing Director […]

Senior Housing Finance Activity: iBorrow, Greystone

iBorrow Provides $16.5 Million Loan for California Assisted Living Facilities Los Angeles-based iBorrow, a private direct lender for commercial real estate, has provided a $16.5 million loan for two assisted living communities in the Los Angeles suburbs of Tarzana and Orange County. The first property is an 88-unit, 50,054-square-foot facility, and the second is an […]

Senior Housing Finance Activity: KeyBank, Lancaster Pollard

KeyBank Provides $192.5 Million For Texas Seniors Housing Portfolio Cleveland-based KeyBank Real Estate Capital has provided $192.5 million in Freddie Mac financing to Kayne Anderson Real Estate Advisors for a six-property seniors housing portfolio located throughout Texas. Charlie Shoop and Caleb Marten of KeyBank’s Commercial Mortgage Group structured the fixed rate loans that included 10-year […]

Senior Housing HUD Lending Volume Rises 20%

The U.S. Department of Housing and Urban Development’s (HUD) Lean financing program for senior housing is back in a strong way. The program, which insures senior housing mortgages and other types of lending, closed a loan volume of $3.4 billion during the fiscal year that ended Sept. 30, 2017, according to HUD data cited by Columbus, Ohio-based Lancaster Pollard. That’s a roughly 20% […]

Senior Housing Finance Activity: CBRE, Lancaster Pollard

CBRE Arranges Financing for Three Senior Living Projects CBRE National Senior Housing has arranged financing for a joint venture between Harrison Street Real Estate Capital and Dominion Partners, according to a press release. The property, Somerby Peachtree City, is a newly built 96-unit assisted living and memory care community located in Peachtree City, Georgia, which […]

[Updated] Lancaster Pollard Acquired by ORIX, RED Capital to Change Focus

Lancaster Pollard, which is routinely ranked as the top FHA/HUD senior living lender, has been acquired by ORIX USA, a division of international financial services group ORIX Corporation. ORIX already owns another major senior housing lender, RED Capital. Going forward, senior housing services will be consolidated under the Lancaster Pollard brand. Columbus, Ohio-based Lancaster Pollard […]

Senior Housing Finance Activity: Lancaster Pollard, Capital One

Trilogy Health Services Refinances SNF and Senior Health Portfolio For $158.4 Million Trilogy Health Services refinanced a portfolio of 10 senior health campuses in Indiana, which offer independent living, assisted living, memory care, rehabilitation and skilled nursing options. The loan, totaling $158.4 million, puts in place a permanent debt structure with a low interest rate, and pays […]

Senior Housing Investments & Transactions: Blueprint, Heartland Senior Living

Minnesota Senior Living Provider Acquires Local Facilities Through USDA Loans Heartland Senior Living, a Minnesota non-profit senior living provider, will acquire three southern Minnesota communities from current owner Eldercare of Minnesota, with the sale expected to close in the fourth quarter of 2017, according to a report from the Albert Lea Tribune. The three Minnesota […]

Senior Housing Finance Activity: HJ Sims, Walker & Dunlop

HJ Sims Arranges $93 Million Bond for New Hampshire Assisted Living Community Fairfield, Connecticut-based HJ Sims, a privately held investment bank and wealth management firm, has arranged a $93 million bond for The Prospect-Woodward Home, an assisted living community, which will be based in Keene, New Hampshire. New Hampshire Health and Education Facilities Authority was […]

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, Washington and Idaho. Read the full story on Skilled Nursing […]