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 […]
MidCap Financial
This week on Senior Housing News, readers learned about the future of senior housing, which has a lot to do with adhering to the needs of middle-income seniors. They also learned how to arrange good deals on Class B senior housing properties, how senior living companies still rely on temp agencies to combat staffing woes, […]
With an abundance of new investors and senior housing providers vying to enter the senior housing market, it might seem as though relationships with lenders and banking institutions are easy to come by. “We’re in a dynamic lending environment,” says Matthew Huber, senior vice president at First Niagara Bank. “More lenders and banks are getting […]
Senior Living Investment Brokerage Facilitates 2 $30 Million Sales In two separate transactions, Senior Living Investment Brokerage facilitated the sale of nine assisted living facilities and five senior housing communities for $29.5 million and $29.125 million, respectively. The first transaction, the Autumn Grove Cottage portfolio, consists of nine assisted living communities with a focus on […]
Lancaster Pollard Provides $5M Acquisition Financing for N.C. AL, Dementia Care Facility Lancaster Pollard’s recently launched finance company provided a $5.3 million balance sheet loan to fund Meridian Senior Living’s acquisition of Lawyer’s Glen Retirement Living Center. Lawyer’s Glen Retirement Living Center is an 82-bed licensed assisted living (AL) and dementia care facility located in Charlotte, N.C. […]
Here’s a roundup of some of the most recent financing transactions in senior housing and care. Prudential Mortgage Provides $11.7M Loan to Ore. ALF, SNF, Memory Care Community Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU), provided an $11.7 million loan to West Linn Care Center Holding Company, […]
Diversicare Announces Acquisition of Operations of 2 Ohio Properties Diversicare Healthcare Services, Inc. (NASDAQ:DVCR), a provider of long-term care services, recently announced the assumption of operations at two facilities in Ohio. The transaction includes a 142-bed skilled nursing facility in Avon, Ohio, and a 42-bed assisted living facility in Ontario, Ohio. These facilities are expected […]
HealthLease Commits to Co-Investment Relationship with Mainstreet HealthLease Properties Trust has invested $20 million in Mainstreet Development Fund II, L.P., which will be used to develop between 12 to 16 seniors housing and care facilities in the United States over the next year. HealthLease’s investment will consist of $15 million of mezzanine financing, which is […]
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