Federal Shutdown Halts $3.6B HUD Loan Program for SNFs, and Backlog Will Linger

The partial government shutdown has brought a multi-billion-dollar program for skilled nursing facility acquisitions and refinances to a halt, and the backlog could complicate deals long after the impasse eventually ends. The Department of Housing and Urban Development (HUD) has stopped endorsing loans, the final step toward closing deals through the Federal Housing Administration’s (FHA) […]

White Oak Provides $161M For SNF Transaction; $21M Refi in IL

White Oak Provides $161M For Allegiant Healthcare’s 17-SNF Acquisition White Oak Healthcare Finance made another major financing for a skilled nursing transaction to kick off 2019. The affiliate of White Oak Global Advisors, LLC acted as sole lender and administrative agent for the funding of a $161 million senior credit facility for Allegiant Healthcare and […]

Carnegie Capital Sources $10M for Georgia Acquisition; $11M Skilled Nursing Refi in Illinois

Dwight Capital Provides $4.5M Bridge Financing for Minnesota SNF Acquisition Dwight Bridge Fund, which is managed by the New York-based Dwight Capital’s affiliated investment advisor, financed an assisted living facility (ALF)/skilled nursing facility (SNF) acquisition in Minnesota. DBF provided a $4.5 million bridge loan for the purchase of Caledonia Rehabilitation & Retirement Center in Caledonia, Minn. The 66-bed […]

REITs Adopt Novel Approaches to Stay Relevant in Skilled Nursing

The shifting skilled nursing landscape has forced the major real estate investment trusts (REITs) to change their game plans — and led some industry-watchers to question whether their time is coming to a close. But there’s still a role REITs can play in the long-term care space, an industry that might actually be more attractive than the far […]

Larger Skilled Nursing Portfolios Hit Market as Sell-Off Continues

As occupancy declines, managed care grows, and payment models change, larger skilled nursing portfolio deals are cropping up in the mergers and acquisitions landscape. Skilled nursing players are taking notice. “We also continue to see opportunities involving several larger well-known portfolios of skilled nursing assets, and we expect to participate in the marketing process with […]

State Law Shows Increased Scrutiny of Low-Profile Skilled Nursing Buyers

The state of Vermont recently enacted sweeping changes to the way government officials regulate the nursing home industry, with an eye on scrutinizing out-of-state buyers. Starting July 1, the state’s Agency of Human Services will oversee all nursing home ownership transfers, taking over the responsibility from the Green Mountain Care Board, according to a Thursday […]

Low-Profile Buyers Seize Moment in Skilled Nursing Sector

As larger chains and real estate investment trusts (REITs) downsize, smaller buyers have taken center stage in the skilled nursing acquisitions arena. In particular, there’s been an uptick in smaller buyers of skilled nursing facilities who keep a lower profile, at least as defined by their web presence. It’s not uncommon for these individuals or […]

Transactions: Greystone Provides $24.9 Million HUD Loan for Yonkers SNF

Greystone Provides $24.9 Million HUD Loan for Yonkers Facility Greystone, a real estate lending, investment and advisory company in New York, provided a $24,910,200 permanent loan insured by the Department of Housing and Urban Development (HUD) to refinance Adira at Riverside Rehabilitation & Nursing, a skilled nursing facility in Yonkers, New York. The loan carries a […]