How Affordable Independent Living Will Fare in 2017

The senior housing industry as a whole is seeing growth as the baby boomer generation moves into retirement. Still, senior housing isn’t expected to see as much of an uptick as other housing categories this year. When it comes to growth in the next year, housing industry owners, developers and managers predict the largest surge will occur in […]

Senior Housing Finance Activity: CBRE, Love Funding

Lancaster Pollard Arranges $5.3 Million Financing for BPM Senior Living Lancaster Pollard recently arranged a $5.3 million Fannie Mae loan for Portland, Oregon-based senior living owner/operator BPM Senior Living. The loan provides capital for Royalton Place, a 70-unit, 79-bed assisted living and memory care community in Milwaukie, Oregon. The financing is related to BPM’s plan […]

Senior Housing Finance Activity: Walker & Dunlop, HHC Finance

KeyBank Closes Acquisition Loan for Three Senior Housing Communities in Pennsylvania KeyBank Real Estate Capital’s healthcare platform recently closed an acquisition loan for Baltimore-based Capital Health Group to purchase three senior housing communities located in Southeast Pennsylvania. Together, the communities have more than 500 units. Shortly after purchasing the portfolio, Capital Health Group refinanced Key’s acquisition/bridge […]

Senior Housing Finance Activity: CBRE, Cushman & Wakefield

Thorofare Capital Provides $19 Million Loan for Senior Living Community in Phoenix Los Angeles-based investment manager Thorofare Capital recently provided a $19 million, fixed-rate bridge loan to refinance debt on MorningStar at Arcadia, a 135-bed senior living community in Phoenix. MorningStar Senior Living operates the four-story, 139,643-square-foot community, which has 80 assisted living units and 30 memory […]

Survey Says: Senior Housing Construction to Increase in 2017

Although there is chatter in the industry that construction is slowing down, many senior housing executives say they actually are planning to start building projects this year. A full 75% of execs said they either are extremely likely or somewhat likely to pursue a construction project this year, when surveyed by investment banking and advisory services firm Lancaster […]

Senior Housing Finance Activity: Cushman & Wakefield, Capital Funding Group

Cushman & Wakefield Arranges $23.3 Million in Financing for LCB Senior Living Cushman & Wakefield Senior Housing Capital Markets, in its exclusive representation of Norwood, Massachusetts-based senior housing owner/operator LCB Senior Living, LLC, recently arranged $23.27 million in construction financing for LCB’s 13th senior housing development, The Residence at Stony Ford in Stamford, Connecticut. Currently under […]

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 loans without a syndication process or a rating agency. “In […]

Senior Housing Finance Activity: Lancaster Pollard, RED Capital

Lancaster Pollard Helps Two California-Based Senior Living Providers Refinance Communities  Lancaster Pollard recently helped two California-based clients refinance their senior housing properties using the Fannie Mae Seniors Housing program. First, Lancaster Pollard assisted Sterling Senior Communities in completing a $19 million refinance of Tanner Springs, a 115-bed assisted living and memory care community in Oregon. […]

Senior Housing Finance Activity: Grandbridge, Lancaster Pollard

Grandbridge Facilitates Funding of $125 Million Seniors Housing Portfolio Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group recently facilitated the purchase of a $125 million seniors housing portfolio secured by four independent living seniors housing communities in four states. Funding for the assumption and supplemental loans was funded via Fannie Mae’s DUS® Seniors […]