Evans Senior Investments (ESI) arranged the sale of a five-property portfolio in the Southwest, comprising skilled nursing beds and senior housing units. The transaction was carried out on behalf of an unnamed regional owner-operator for an undisclosed amount. Real estate brokerage firm ESI ran a confidential marketing process, engaging with a select group of buyers, […]
CFG
Capital Funding Group (CFG) financed more than $440 million in the first half of this year, including 18 health care bridge loans, five multifamily bridge loans and eight HUD loans. Notable transactions included a $42 million HUD financing package for three skilled nursing facilities in Washington and Idaho, along with a $36.2 million bridge-to-HUD loan […]
CIBC Bank provided an $85 million acquisition financing term loan and a $2 million working capital revolving line of credit for a portfolio of skilled nursing facilities in Wisconsin. Historical performance trended positively over the last year as the facilities improved census and operating leverage, CIBC said in a press release. Going forward, occupancy and […]
Against the backdrop of economic and staffing challenges still facing the nursing home sector, operators are seeking business innovations that are community-centered and that expand their health care offerings through unique public-private partnerships and financial arrangements. The innovations include transition into a nonprofit model, creative ways to use state and federal dollars, and addition of […]
Gardner Group, Solamere Capital and Wasatch Group received $160 million in Commercial Property Assessed Clean Energy financing for Summit Vista, a life plan retirement community in Taylorsville, Utah. According to the group, the ownership will use the proceeds for ongoing construction at the property, prioritizing energy-efficient features such as energy efficiency, renewable energy and water […]
Capital Funding Group (CFG) on Monday announced it had closed on an $84.7 million bridge-to-HUD financing deal for eight long-term care facilities, on behalf of skilled nursing operator Venza Care. The portfolio consists of seven skilled nursing facilities and one assisted living facility across Alabama, with a total of 797 beds, CFG said in a […]
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 […]
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