Juniper Communities Announces Executive Promotion Juniper Communities, a national owner and operator of 20 senior living communities, announced the promotion of Cindy Longfellow to vice president of business development and sales and marketing. Longfellow started with Juniper in 2003 at a Wellspring Memory Care community in Louisville, Colorado, serving as a member of the community-based […]
Prudential Mortgage Capital Company
Prudential Mortgage Refinances $41M For Md. Senior Living Community Prudential Mortgage Capital Company provided a $41 million loan to Fountain Square Properties to refinance Kensington Park, a class A independent, assisted and memory care community located in Kensington, Md. Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: […]
NorthMarq Capital Refinances $7M for Iowa Senior Housing NorthMarq Capital’s Omaha-based regional office secured a $7.366 million refinance for Woodlands Creek. Jason Kinnison, senior vice president of NorthMarq Capital’s regional office, secured the refinance for the 70 unit senior housing facility, located at 12605 Woodlands Parkway in Clive, Iowa. The transaction was structured with a 35-year term and […]
Cambridge Arranges $9.6M Loan for Mich. ALF Cambridge Realty Capital Companies reports arranging a $9,631,00 loan to refinance the Crystal Creek Assisted Living community located in Canton, Mich. The fully-amortized 35-year loan was arranged for the owner using the HUD Section 232/Section 223(f) funding program and was underwritten by Cambridge Realty Capital Ltd. of Illinois, […]
Contemporary Healthcare Capital Provides Acquisition Financing Contemporary Healthcare Capital, LLC has provided a $6,850,000 senior mortgage loan, a $1,250,000 mezzanine loan, and a $800,000 preferred equity loan to finance the acquisition of a 120 bed licensed assisted living and memory care facility located in Sumter, S.C. The funds will also be used for the renovation of the […]
Prudential Mortgage Capital Closes Two Senior Housing Loans Totaling 19.8 Million Prudential Mortgage Capital Company recently closed two senior housing loans totaling nearly $20 million. The first was a $2.8 million, 20-year, fixed-rate loan to refinance Camino Retirement Apartments, a 98-bed assisted living and independent living community in Albuquerque, N.M. The second was a $17 […]
Health Care REIT to Offer 22 Million Shares of Common Stock Health Care REIT (NYSE:HCN) is offering 22 million shares of its common stock along with granting underwriters a 30-day option to purchase up to an additional 3.3 million shares. The REIT will use the net proceeds from the offering to repay advances under its […]
SQLC Completes $119 Million Financing for Ind. CCRC Senior Quality Lifestyles Corporation and its affiliate Mayflower Communities, working in partnership with St. Vincent Health, announced last week they had completed financing for The Barrington of Carmel, a 501(c)3 nonprofit continuing care retirement community (CCRC). Financing was completed through the sale of $119,020,000 in Series 2012 […]
Berkadia Arranges $40 Million Financing for Va. Senior Housing Property Berkadia Commercial Mortgage LLC recently originated $39.7 million in financing through Fannie Mae for a senior living community located in Richmond, Va. Heidi Brunet, vice president at Berkadia, worked with the borrower, Smith/Packett, to secure a 10-year, fixed-rate financing with features including a 70% loan-to-value […]
Prudential Closes $46.5 Million Loan for CNL’s Portfolio Acquisition Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU) recently closed on a $46.5 million Fannie Mae refinancing loan for CNL Lifestyle Properties, LP and Solomon Senior Living, a portfolio of four senior living complexes in the greater Atlanta, Ga. area. The […]
Subscribe
Receive industry updates and breaking news from SHN