Ziegler Closes $8 Million Bond Issue for Nonprofit Senior Care Community Expansion Specialty investment bank Ziegler recently closed an $8,035,000 non-rated, fixed-rate issue for Nazareth Living Center, a not-for-profit corporation based in Missouri. The Nazareth community includes a 150-unit assisted living apartment building and a 140-bed skilled nursing center in St. Louis, Mo. It is […]
Love Funding
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 […]
Sunrise Refinances Assisted Living Section of Troubled Maryland Senior Complex Sunrise Senior Living (NYSE:SRZ) announced last Thursday that its Fox Hill assisted living venture has refinanced the existing mortgage financing on the assisted living section of the Bethesda, Md. Fox Hill senior living community. The new mortgage financing was provided by Eagle Bank, says Sunrise, […]
Love Funding Secures $8.56 Million Construction Loan for Fla. ALF Love Funding recently closed an $8.56 million loan for the construction and permanent financing of Viera Manor Assisted Living Facility, a new senior living center in Viera, Fla., meant to provide housing for U.S. veterans. Laura Saull-Smith, a senior director at Love Funding out of […]
Lancaster Pollard Has Record Month in April, Closes $166.2 Million in Transactions Lancaster Pollard closed 25 transactions in April totaling $166.2 million, marking the firm’s most prolific month to date since going into business in 1988. Out of the 25 deals, 23 were for senior housing and care providers; the other two were in the […]
RED CAPITAL Closes $125.8 Million of Seniors Housing Loans in March RED CAPITAL GROUP, LLC’s Seniors Housing Group completed 15 seniors housing transactions for a total of more than $125.8 million in closed loan proceeds in the month of March. Loan types ranged from Ginnie Mae/FHA new construction, refinances, and acquisition/refinances, to Fannie Mae MBS/DUS […]
Berkadia Originates $62 Million in Senior Housing Financing in Three Transactions Berkadia Commercial Mortgage recently originated a total of $61.7 million in financings for seniors housing properties located in California, Oregon, Texas, and Virginia. Berkadia Arranges $17.5 Million of Refinancing for Two Emeritus-Operated Communities For two communities operated by the Emeritus Corp., Berkadia arranged a […]
Quality matters, and keeping track of data and providing good outcomes in skilled nursing facilities is crucial, especially as failure to do so could seriously impact a facility’s bottom line, said a panel of experts at the National Investment Center for the Seniors Housing & Care (NIC) Skilled Nursing Symposium in Boca Raton, Fla. Documentation, […]
Love Funding Secures a $4.6 Million Loan Refinance for Illinois ALF Love Funding announced on Jan. 3 that it closed a $4.6 million refinancing through the Department of Housing and Urban Development’s 232/223(f) loan program for an assisted living and memory care center located in Milan, Illinois. Avonlea Cottage of Quad Cities is a 46-unit […]
Love Funding recently closed an $8.91 million construction-to-permanent loan for Orchard Park of Odessa, a 97-bed assisted living and memory care center under development in Odessa, Tex. The loan was secured by Love Funding vice president Joshua Hausfeld through the Department of Housing and Urban Development’s Section 232 New Construction Lean program. The program enables […]
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