New Senior Rapidly Secures $670 Million Freddie Mac Financing

A deal to secure $670 million in Freddie Mac financing for New Senior Investment Group Inc. (NYSE: SNR), announced earlier this week, was the largest in company history for Walker & Dunlop, the commercial real estate finance company that facilitated the financing. The company said Tuesday it was the largest financing in the company’s 77-year history, […]

New Senior Acquires 17 Senior Housing Properties for $435 Million

New Senior Investment Group Inc. (NYSE: SNR) is expanding its portfolio upon the completion of the company’s previously announced $435 million acquisition of senior housing properties from affiliates of Hawthorn Retirement Group, the company announced Monday. New Senior is acquiring 17 independent living senior housing properties. The portfolio is 100% private pay, contains 2,082 units located across 10 states and […]

Senior Housing Finance Activity: Love Funding, CNL Healthcare Properties

Love Funding Secures $13.6M Refinancing For Calif. Affordable Senior Housing  Love Funding closed a $13.6 million refinancing loan for Sunset Normandie Towers, a 148-unit Section 8 senior living facility in Los Angeles, Calif. The financing was secured by Senior Director Artin Anvar of Love Funding’s Washington, D.C. office through the U.S. Department of Housing and […]

In the Pipeline: Senior Housing Construction Projects (11/26/14)

Construction: Planned Big Rock Partners Closes Land Purchase for $60 Million Fla. Project Company: Big Rock Partners Type: New Construction Location: Celebration, FL Funding: 60 million #of Beds: 225 Construction start date: First Quarter 2015 Los Angeles, Calif.-based real estate investment management and development firm Big Rock Partners has closed on a nine-acre land purchase […]

Senior Housing Finance Activity: RED Mortgage, Love Funding

RED Mortgage Provides $4.4M FHA Loan to Ore. AL Facility   RED Mortgage Capital, LLC arranged a $4,405,200 FHA 232/223(f) mortgage loan for The Bridge, a retirement and assisted living community in Grants Pass, Ore. The community has 63 assisted living units.   RED Mortgage Provides $8.5M FHA Loan to Ohio AL/Memory Care Facility  RED Mortgage Capital, LLC arranged […]

New HUD 232 Handbook Makes Senior Housing Loans Easier

The U.S. Department of Housing and Urban Development (HUD) released a new handbook covering the Section 232 Healthcare Mortgage Insurance Program, which features the LEAN processing system. The handbook, issued May 22, is intended to be a one-stop-shop guide to the Section 232 program, covering all aspects of production and asset management. The new guide […]

Senior Housing Finance Activity: Beech Street, Cambridge, Red Capital

Beech Street Refinances Illinois Supportive Living Facility for $20.7 Million  Beech Street Capital, a Capital One company, has provided a $20.7 million HUD loan to refinance a supportive living facility in Illinois. Under a federal waiver, supportive living facilities in Illinois can receive Medicaid support for low-income residents that need assistance with activities of daily living, […]