Ziegler Closes $120M Deal; Greystone Gets Bridge Loan For 6-SNF Portfolio

Specialty investment bank Ziegler announced it closed $120 million Series 2021 bonds for a group that owns and operates 14 continuing care retirement communities (CCRCs) throughout California.

The CCRCs consist of 2,188 residential living apartments, 477 assisted living apartments, 161 memory support suites and 656 skilled nursing beds.

The bonds will be used to fund capital projects and various renovations at the campuses and pay certain costs of issuance.

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Among the renovations include a new replacement health center project at one of the campuses and the construction of additional independent living accommodations at another.

“This financing will support our ongoing efforts to expand the reach of our mission and help our residents and team members live their best lives,” Andy McDonald, HumanGood’s CFO said in the press release.

Greystone Provides $50.1M Bridge Loan

Greystone announced that it provided a $50,100,000 loan secured by the Department of Housing and Urban Development (HUD) for the financing of the acquisition of a six-property skilled nursing portfolio in Ohio.

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Fred Levine originated the loans for Greystone.

The properties are located in Berea, Cleveland, Kent, Clyde and Waterville.

The buyer secured a floating rate, interest-only loan funded through Greystone’s non-recourse bridge loan program.

Harborview Arranges $24,177,900 Bridge-to-HUD Loan for Chicago SNF

Harborview Capital Partners announced it arranged a $24,177,900 HUD refinance loan for a 240-bed skilled nursing facility (SNF).

The SNF is located in Chicago, Ill.

President and CEO Ephraim Kutner and Managing Director and Principal Jonathan Kutner originated the loan for Harborview. It features a 35-year amortization.

Dwight Capital Closes $171.7M

Dwight Capital financed $171.7 million in senior and health care deals during the third quarter of this year, including closing a $23.25 million bridge acquisition loan for a 272-bed SNF in Peckville, Pa.

Other deals included a $17.1 million bridge acquisition loan for two SNFs located in Sebring, Fla. and Pigeon Forge, Tenn. totaling 224 beds and an $8.9 million bridge acquisition loan for a 119-unit SNF located in Akron, Ohio.

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