Healthcare Loan Volume Up 19% in Q3 Although commercial and multifamily mortgage origination volumes were down 7% in the third quarter of 2012 compared to the same period one year ago, the healthcare property loan volume grew 19%, according to the Mortgage Bankers Association’s Quarterly Survey. However, compared to the second quarter, healthcare property loans […]
Oak Grove Capital
Ziegler Closes $51.6 Million Financing for Pa. CCRC Group Ziegler recently closed a $51,640,000 tax-exempt, fixed-rate Series 2012 Bond issue for Asbury Pennsylvania Obligated Group issued through the Cumberland County Municipal Authority. Asbury Pennsylvania Obligated Group consists of Bethany Village and Springhill, two CARF/CCAC accredited CCRCs located in Pennsylvania. Both communities are operating segments of […]
Trick or treat, Movers and Shakers. This installment is brought to you by those dental professionals who care for the residents in the senior housing communities we know and love… Got a sweet tooth for a new career? Look for senior housing jobs nationwide on SHN’s job board. Need more employees to eat all the […]
Ziegler Closes $12 Million Financing for Ind. CCRC Ziegler recently announced the closing of a $12,175,000 non-rated, fixed-rate Series 2012 Bond issue for Westminster Village Terre Haute, a not-for-profit, single-site continuing care retirement community (CCRC) located in Terre Haute, Ind. The CCRC has 309 units comprised of 173 independent living apartments, 20 independent living cottages, […]
Ziegler Closes $73.4 Million Financing for Hawaii CCRC Speciality investment bank Ziegler recently announced the closing of a $73.4 million fixed-rate Series 2012 Bond issue for Kahala Nui, a 6.6 acre continuing care retirement community located in Honolulu, Hawaii. Kahala Nui is a “type A” CCRC with 270 independent living units; 63 assisted living suites […]
Benchmark Senior Living Gets $50 Million Investment for Recapitalization, Development Wellesley, Mass.-based Benchmark Senior Living has secured a $50 million investment from Och-Ziff Capital Management, according to CoStar.com, for the purpose of recapitalizing existing senior living assets and financing the development of new senior living communities in the New England and Mid-Atlantic regions. Cushman & […]
Subsidiares of Manhattan, N.Y.-based Newcastle Investment Corp. recently purchased an eight-property portfolio of senior housing properties from Portland, Ore.-based BPM Senior Living for a purchase price of $143 million plus related expenses. Oak Grove Capital originated an $88.4 million Fannie Mae DUS credit facility for Newcastle to fund the acquisition. The credit facility consists of […]
Everest Real Estate Advisors Closes $12 Million Loan for Minn. Senior Housing Community Everest Real Estate Advisors, headquartered in Minneapolis, Minn., recently closed on a $12 million refinancing loan for Select Senior Living, a 90-bed senior housing facility in Coon Rapids, Minn., reports Real estate Journals. The advisory firm provided the refinancing through HUD’s Section 232/223(f) […]
Happy belated Earth Day…..This installment of Movers and Shakers may not be Platinum LEED certified but it’s as environmentally friendly as that low-emission VOC. Looking for new seeds to plant in your organization? Try our senior housing jobs board where you can post a job for 60 days for $50. For those seeking greener pastures, […]
Early spring temperatures have given rise to the promise of summer. While spring blooms maybe on the horizon, sprouts in the job world of senior housing are starting to appear in 2012. Looking for nice buds to plant in your organizational garden? Post your jobs online with Senior Housing News for $50 for sixty days. […]
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