A lower cost of capital and a shallow pool of acquisition opportunities have made conditions more favorable for sellers of senior living properties in recent years — but there are recent signs that the market is tilting back toward the buyers. For one, senior living operators are still grappling with a higher cost of doing […]
Financings VIUM Capital Closes $1B in Q2 VIUM Capital, a senior housing and healthcare lender, announced that 2Q2022 was the most productive quarter in the company’s history with $1.1 billion in transactions. The active second quarter brings the total volume of deals to $1.4 billion over 44 loans including financing projects in 16 states. Columbus, […]
VIUM Capital closed out 2021 by completing transactions totaling more than $320 million in November and December. That brought the firm’s yearly total to 42 deals representing about $700 million, according to a press release issued this week. VIUM was founded in 2020 by former leaders in Lancaster Pollard’s senior housing and care practice, and […]
VIUM Capital launched at the outset of the Covid-19 pandemic in 2020, and Co-Founder and Executive Managing Director Steve Kennedy describes the last 18 months as a “wild ride.” But the firm managed to recently pass $1 billion in closed senior housing and health care financings. And the company is up to 19 team members, […]
Acts Retirement Services and Willow Valley Communities have forged a strategic alliance, aligning two of the largest nonprofit senior living and care organizations in the United States. Acts, headquartered near Philadelphia, ranked as the third-largest multi-site senior living nonprofit on the 2021 LeadingAge/Ziegler 200, with more than 9,500 units across a portfolio of 26 life […]
As national and larger regional banks continue to conservatively underwrite acquisition and construction financing, senior housing developers are turning to a host of other options to put together their capital stacks. Mezzanine lending and preferred equity are popular vehicles for borrowers looking for non-recourse lending. Debt funds are another option for borrowers seeking flexibility capital. […]
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Cambridge Realty Capital found a way to place new debt during the coronavirus pandemic. The West Palm Beach, Florida-based financial services firm announced it closed on $446 million in interest rate reduction (IRR) loans from April 2020 through December 2020 — activity driven by the firm’s proactiveness to help clients reduce debt load during the […]
McFarlin Group is launching a $100 million fund to acquire senior housing assets at risk of becoming distressed in part by the coronavirus pandemic. While many senior housing lenders and investors are retreating to the sidelines during the environment of peak volatility caused by the outbreak, the Dallas-based fully integrated senior housing firm is among […]
When Steve Kennedy and Kass Matt chose April 1, 2020 to launch their new financial venture, VIUM Capital, they had no idea that they would be entering a chaotic capital markets landscape. “We picked this date out several months ago,” Kennedy told Senior Housing News. VIUM is launching as real estate capital markets enter an […]
