ORIX Closes $350 Million CLO, Includes Assisted Living Loans

In another sign of the rising popularity in collateralized loan obligations (CLO), Dallas-based financial services firm ORIX USA announced it closed on a $350 million CLO fund, with a sizable portion of the loans collateralized by senior housing. CLOs are pools of below investment-grade loans sold in pieces to investors. When loans are paid off, […]

Senior Housing Finance Activity: Lancaster Pollard, RED Capital

Lancaster Pollard Helps Two California-Based Senior Living Providers Refinance Communities  Lancaster Pollard recently helped two California-based clients refinance their senior housing properties using the Fannie Mae Seniors Housing program. First, Lancaster Pollard assisted Sterling Senior Communities in completing a $19 million refinance of Tanner Springs, a 115-bed assisted living and memory care community in Oregon. […]

Senior Housing Finance Activity: RED Capital, CBRE

RED Closes $20 Million Balance Sheet Construction Loan for Creekside Senior Living RED Capital Partners, LLC recently completed a $20 million Balance Sheet construction loan for the development of Creekside Senior Living, a Class A assisted living and memory care community with 129 units in Bountiful, Utah. Specifically, the loan was completed for Creekside Senior […]

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: Ventas Appoints Presiding Director

Ventas Appoints New Presiding Director The board of directors of Ventas, Inc. (NYSE: VTR) appointed James D. (“Denny”) Shelton to serve as the real estate investment trust’s (REIT) independent presiding director. “An independent and strong lead director is a key component of our commitment to effective corporate governance,” Ventas Chairman and CEO Debra A. Cafaro […]

Movers & Shakers: New Senior’s Chief Accounting Officer

New Senior Investment Group Appoints Chief Accounting Officer New Senior Investment Group (NYSE: SNR) appointed Bhairav Patel as the company’s chief accounting officer, effective March 30. Patel is a managing director in the private equity group of the company’s manager, FIG LLC, which is an affiliate of Fortress Investment Group LLC. Patel joined Fortress in […]

Movers & Shakers: Capital One’s SVP, Chief Underwriter

Capital One Appoints SVP, Chief Underwriter for Multifamily Finance Capital One announced the appointment of Cortney Mauldin as senior vice president and chief underwriter for multifamily finance. In this role, Mauldin will be responsible for the oversight and quality control of all underwriting functions related to Federal Housing Administration (FHA) insured transactions, including health care and senior […]

RED Capital to Grow After ORIX Goes All-In

A major senior housing lender says it’s poised for growth following a fresh investment from its parent company. RED Capital Group, LLC is now wholly owned by Dallas-based ORIX USA Corporation, whose ownership of RED officially grew from 88% to 100% on Feb. 22. ORIX, which offers investment capital and asset management services to clients in […]

Senior Housing Finance Activity: Welltower, CBRE

Welltower Completes $700 Million Senior Unsecured Note Offering Toledo, Ohio-based Welltower Inc. (NYSE: HCN) has successfully completed its offering of $700 million in aggregate principal amount of 4.25% senior unsecured notes due April 1, 2026. The notes were priced at 99.227% of their face amount to yield 4.345%. “This transaction demonstrates Welltower’s disciplined approach to […]