Cambridge Realty Capital Companies provided a $10,400,000 HUD Lean loan to refinance a dual-facility assisted living and skilled nursing campus in the state of Iowa. The Views of Burlington, located in Burlington, Iowa, comprises Oakview Nursing and Rehabilitation, a 60-bed SNF, and Ridgeview Assisted Living, a 42-bed facility. Cambridge President Andrew Erkes said in a […]
A lot of temporary measures will dry up or disappear when the public health emergency (PHE) comes to an end, but one thing that may become permanent is the Medicaid rate bumps states put in place to alleviate pressures nursing home operators face. At least that’s the hope for industry leaders and advocacy groups. Right […]
Walker & Dunlop closed $1.3 billion in long-term care and seniors housing deals during the first half of this year, the company announced this week. The sales mark a “milestone” for the Walker & Dunlop team, marking the highest recorded sales for a comparable timeframe, and signifies the momentum in the market nationwide, according to […]
Champion Care has added four new facilities to its growing portfolio. Two of the facilities are located in Wisconsin and will be renamed The Bay at Muskego Health and Rehabilitation Center and The Bay at Beloit Health and Rehabilitation Center. The other two are located in Tennessee and will be renamed The Bay at Highlands […]
Blueprint announced the sale of three skilled nursing and long-term care facilities in Mississippi totaling 340 licensed beds to DAC Acquisitions, LLC. The portfolio’s owner, a New York-based investment firm, put the facilities up for sale after the operator filed for bankruptcy. Overall census declined throughout the pandemic but leveled out in late 2021 at […]
Helios Healthcare Advisors announced the sale of a 63-bed skilled nursing facility in northwest Massachusetts. The facility was previously owned and operated by a family-run organization that was looking to retire from the industry, according to a news release announcing the deal. The closing was put together in the first quarter of 2020 under the […]
While types of financing available to nursing homes have remained relatively consistent throughout the pandemic, the number of lenders has fluctuated, capital providers have said. In recent months more competition has come back into the skilled nursing marketplace, VIUM Capital Senior Managing Director Tony Ruberg told Skilled Nursing News, with larger players ready to be […]
Cambridge Realty Capital Companies announced last month that it provided a $12,722,300 Department of Housing and Urban Development lean loan to refinance a 249-bed skilled nursing facility in Cicero, Ill. The facility, Alden Town Manor, offers a wide range of health care services and programs, including orthopedic, cardiac, pulmonary and stroke rehabilitation, as well as […]
Specialty investment bank Ziegler announced it closed on $80 million Series 2021 Bonds for a Florida not-for-profit corporation in Winter Park, six miles from downtown Orlando. The community includes 60 skilled nursing beds. The deal marks the second phase of a two-phase repositioning of the campus. The first phase was financed in November, with $60,135,000 […]
While the release of the Provider Relief Funds has been recently celebrated in the sector, Cambridge Realty Capital Companies CEO and Founder Jeffrey Davis thinks the skilled nursing industry still needs a lot of help as it rebounds from the COVID-19 pandemic. Department of Housing and Urban Development (HUD) funding has remained a lifeline for […]
Blueprint Healthcare Real Estate Advisors recently announced its involvement in the sale of a 120-bed skilled nursing and long-term care facility in Erie, Pennsylvania. The facility is reportedly in a competitive submarket and its operating performance had been improving prior to the COVID-19 pandemic. Blueprint received as many as six bids from qualified prospects and […]
Mostly positive news continues to make headlines when it comes the United States’ recovery from the COVID-19 pandemic, including that related to the conditions and census at skilled nursing facilities. Like all facets of operations during the past 14 months, senior living was hit hard, including its lending environment involving U.S. Department of Housing and […]
This article is sponsored by Cambridge Realty Capital Companies. In this Voices interview, Skilled Nursing News sits down with Cambridge Realty Capital Companies CEO and Founder Jeffrey Davis to learn how Cambridge helps SNFs become ideal government partners, and how SNFs can boost revenue to upgrade buildings. Skilled Nursing News: You founded Cambridge in 1983. […]
The Chicago-based Cambridge Realty Capital announced a host of skilled nursing deal closings completed during the fourth quarter of 2020, bringing the lender’s total to $415 million for the year. The largest of those transactions involved $16.9 million for Manor Court* of Peru, Ill., a campus with 94 skilled beds, 68 assisted living units, and […]
Walker & Dunlop last week announced the closure of $25 million in Department of Housing & Urban Development-backed financing for a skilled nursing and supportive living facility. The Bethesda, Md.-based real estate finance firm provided $10.7 million in financing for the 106-bed Landmark of Laurel Creek, a skilled nursing facility in Manchester, Ky. The property, […]
Blueprint Healthcare Real Estate Advisors announced the $8.5 million sale of a 152-unit skilled nursing and assisted living facility in Northeast Ohio. The Chicago-based brokerage didn’t name the buyer or seller, though Blueprint indicated that the seller was a local 30-year owner-operator exiting the industry. The facility had experienced operational challenges, which Blueprint helped correct […]
The federal government has proposed a rule governing the use of Medicaid supplemental payments for nursing homes that could have drastic effects on the reimbursement they receive. But the ripples of the rule don’t stop there. They could also overhaul the taxes that providers pay in several states — taxes that in turn contribute to […]
Cambridge Realty Capital Companies provided a pair of $24 million Department of Housing and Urban Development (HUD) loans to refinance two Ohio combination skilled nursing and senior living properties. The loan covers the the Vista Care Center of Lisbon — a 76-bed, mixed-use skilled care and assisted living facility — and Vista Center at The […]
The federal government’s lending program for nursing homes has come under national scrutiny in the wake of a record-setting default, but financial leaders in the space say the initiative is vital to the overall health of the industry. The Department of Housing and Urban Development’s (HUD) Section 232 program gives skilled nursing operators and investors […]
Commercial real estate lender Berkadia landed a $104 million loan for a skilled nursing facility in the Bronx, N.Y., the company announced Monday. Berkadia secured the financing for the Workmen’s Circle Multicare Center, operated by the Woodbury, N.Y.-based Cassena Care, through the Department of Housing and Urban Development’s 232/233 program; the loan closed just 13 […]
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