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 […]
Red Capital Partners
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 […]
A company known for offering consulting services to help turn around struggling senior living communities is trying its hand at new development, complete with an opportunistic strategy. Solutions Advisors, a consulting firm that develops strategic plans for senior living communities and then helps to execute management, marketing and sales solutions, plans to break ground on its first […]
Grandbridge Arranges $10.5 Million Refinance for Phoenix Community Grandbridge Real Estate Capital LLC, a national full-service capital provider headquartered in Charlotte, North Carolina, arranged a $10.5 million refinance loan for Avista North Mountain, a senior housing community in Phoenix, Arizona. “This debt financing marks an important milestone for Avista North Mountain and our company,” Kristopher […]
HJ Sims Arranges $22.5M Refinancing for Md. CCRC HJ Sims provided a bank refinance for a continuing care retirement community (CCRC) in Annapolis, Md. The CCRC had a securitized $17 million mortgage that did not allow a prepayment, according to The SeniorCare Investor. HJ Sims arranged through a local bank a new $16.5 million mortgage […]
N.J. Senior Housing Provider Receives $8M for Seniors Affordable Housing Springpoint Senior Living received approval from the New Jersey Housing and Mortgage Finance Agency (NJHMFA) for $7.8 million dollars in funding to provide rental housing in Ocean County, N.J. for older adults who were impacted by Superstorm Sandy. Springpoint will use these funds along with […]
HJ Sims Provides Financing for Fla. Senior Rental Community HJ Sims, a privately held investment bank and brokerage firm, provided financing for a senior living residential rental community for seniors aged 55 and older located in Kissimmee, Fla. Tuscan Isle is immediately adjacent to Solivita, a residential 55+ community with more than 7,000 residents. Tuscan Isle […]
Grandbridge Facilitates Seniors Housing Acquisition of Ga. Senior Housing community The Atlanta-based Seniors Housing and Healthcare Finance team of Grandbridge Real Estate Capital closed a $4,540,000 supplemental loan in conjunction with the assumption of the existing $19,000,000 first mortgage and acquisition of Noble Village of Sugarloaf. Located in Suwanee, Ga., the 109-unit seniors housing community […]
Grandbridge Refinances $7M for Ga. Senior Housing Community The Atlanta-based Seniors Housing and Healthcare Finance team of Grandbridge Real Estate Capital closed a $7,064,700 first mortgage loan secured by Presbyterian Home and Retirement Community of Quitman. The transaction was referred to Grandbridge by BB&T bank. Funding for the full amortizing 35-year refinance was provided through […]
Red Capital Partners Closes $20.6 Million Senior Housing Construction Loan Red Capital Partners, LLC, the proprietary banking arm of RED CAPITAL GROUP, LLC, announced recently the closing of a $20.6 million seniors housing balance sheet construction loan for Kensington of Sierra Madre in California. Kensington of Sierra Madre will be a two-story assisted living and […]
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