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 […]
Carnegie Capital
Greystone announced it closed a $450 million commercial real estate collateralized loan obligation (CLO) backed exclusively by bridge loans for health care projects. It marks the largest health care CLO ever recorded as Greystone bested its own mark of $300 million set back in 2018. The assets in the CLO consist of skilled nursing, assisted […]
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 […]
Vi at Bentley Village in Naples, Fla., announced a $41 million redevelopment project for its skilled nursing facility, the Bentley Care Center, and its assisted living residences, both part of a campus that includes independent living and coach homes. The redevelopment is scheduled to begin in the third quarter of 2021, and includes redesigning the […]
The Chicago-based investment bank Ziegler closed a $53.03 tax-exempt bank placement transaction for Pleasant View Communities, which owns and operates a continuing care retirement community (CCRC) in Manheim, Penn. Pleasant View has 152 independent living apartments and cottages, 95 personal care units and 115 skilled nursing beds; it is licensed for 133 SNF beds. Ziegler […]
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 […]
Carnegie Capital Secures $24M Bridge Loan for Long Island Facility Carnegie Capital, based in Austin, Texas, sourced and structured a $24 million bridge loan to refinance the existing note on a skilled nursing and assisted living facility on Long Island, N.Y. The deal helped restructure the facility’s operating debt and rehabilitate the upper level. The […]
Carnegie Capital Secures $12M Loan to Refinance Skilled Nursing Facility Carnegie Capital, a commercial real estate finance and advisory firm based in Austin, Texas, sourced and structured a $12 million loan to refinance the existing note on a 115-bed skilled nursing facility and free up additional proceeds to upgrade the building. The loan will also be used […]
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