Harborview Arranges $63M Bridge-to-HUD Loan for Brooklyn SNF
Harborview Capital Partners arranged a $63 million bridge-to-HUD loan for a skilled nursing facility and two adult day care centers in Brooklyn, N.Y., REBusinessOnline reported. The loan refinances existing debt, and the borrower, who was undisclosed, plans to add a new rehabilitation gym to the facility.
Kalesta Health Care Group Buys Senior Center in California
Kalesta Health Care Group purchased the senior center Our Lady of Fatima Villa in Saratoga, Calif., which has 85 seniors in its skilled nursing and physical therapy facilities and 84 assisted-living residents. The center, founded in 1949, is the longest-running business in Saratoga, according to Bay Area News Group.
“There was a big change in regulations in the last year and a half, which made it more and more difficult to provide quality care,” Fatima CEO Bella Mahoney told Bay Area News Group.
California Senior Community Sells for $19M
Blueprint Healthcare Real Estate Advisors announced the sale of the 110-unit Healdsburg Senior Living Community in Sonoma County, Calif., which has 38 skilled nursing beds, 40 assisted living units, and 32 memory care beds. The purchase price was $19 million, or approximately $173,000 per bed.
The buyer was a global private real estate investment firm with a large seniors housing portfolio. Mario Wilson and Christopher Hyldahl of Blueprint led the transaction.
Written by Maggie Flynn