Senior Housing HUD Lending On the Rise

The U.S. Department of Housing and Urban Development’s (HUD) Lean mortgage insurance program for senior housing may have finally hit a turning point after experiencing a few years of declining loan volumes. During the fiscal year ended Sept. 30, 2016, senior housing loan volume from the federal agency actually rose for the first time in […]

Senior Housing Finance Activity: Capital One, Ziegler

Capital One Closes $10.3 Million in FHA Loans to Refinance Two Illinois SNFs Capital One (NYSE: COF) recently announced that it has provided two fixed-rate HUD 232/223(f) loans totaling $10.3 million to refinance a 131-bed skilled nursing facility in Carbondale, Illinois, and a 70-bed skilled nursing facility in Anna, Illinois. The transaction was originated by Senior Vice […]

Senior Housing Finance Activity: Love Funding, Capital Funding Group

Love Funding Secures $26.3 Million Loan Senior Apartment Community in Texas Washington, D.C.-based Love Funding, a provider of FHA multifamily, health care and affordable financing, recently closed a $26.3 million loan for the construction and permanent financing of Overlook at Prestonwood, a senior apartment community with 183 age-restricted apartments currently being developed in Carrollton, Texas.  Overlook […]

Senior Housing Finance Activity: Ziegler, Lancaster Pollard

Lancaster Pollard Secures $7 Million Refinancing for New York Assisted Living Community Lancaster Pollard recently assisted The Lake Shore Assisted Living Home, a 200-unit assisted living community in Lake Ronkonkoma, New York, with a $7 million refinance utilizing the FHA Sec. 232/223(f) program. The Lake Shore Assisted Living Home was searching for a more beneficial long-term debt […]

Movers & Shakers: NCAL’s New Board Member

Senior Lifestyle Announces New EVP, Chief Administrative Officer Senior Lifestyle, an owner, operator and developer of senior living communities, announced the promotion of Justin Robins to executive vice president and chief administrative officer. Robins has served in various roles at Senior Lifestyle, including financial analyst, director of development, director of hospitality, vice president of capital and […]

Movers & Shakers: CBRE’s Youngest Vice Chairman

CBRE Promotes New Vice Chairman CBRE Group, Inc. announced the promotion of Aron Will to vice chairman. He is CBRE’s youngest vice chairman to date. Will is currently the co-leader of the national senior housing debt and structured finance practice for CBRE Capital Markets, which specializes in the capitalization of independent living, assisted living, memory […]

Movers & Shakers: Mount Miguel Covenant Village’s Culinary Shakeup

Lancaster Pollard Opens Chicago Office Lancaster Pollard opened a new office in Chicago, with Brett Murphy serving as the firm’s primary health care banker for Illinois. In Chicago, Murphy will provide seniors housing and health care clients with a range of investment banking, mortgage banking, private equity, balance sheet financing and M&A advisory services. Murphy […]

Winning Strategies to Develop Affordable Assisted Living

Affordable assisted living: one of the biggest puzzles for the future of senior housing. But there’s a growing demand for this asset class, and with the right financing and development approach in certain U.S. states, this elusive offering might soon become more of a reality. “Right now, there’s a huge population that’s in need of a level of […]

Movers & Shakers: Lancaster Pollard’s New Bankers

Lancaster Pollard Adds 2 Bankers to Philadelphia Office Lancaster Pollard, a financial services firm that helps health care, senior living and housing providers with financial advice and financing solutions, added Miles Kingston and Tony Ruberg to its Philadelphia office. Kingston and Ruberg will be providing seniors housing and health care clients with a full range […]