Greystone, a national commercial real estate finance company, provided $47 million in HUD-insured loans for five different skilled nursing transactions. The facilities were located in California, Connecticut, North Carolina and Ohio, and involved five different borrowers, according to a news release. Greystone provided an $8,264,000 loan for a 35-bed facility in San Diego; a $10,584,000 […]
Harborview Capital Partners
Evans Senior Investments (ESI) announced it represented the bankruptcy disposition of two skilled nursing communities in Florida tied to Consulate Health Care. The bankruptcy stemmed from a whistleblower case that resulted in a civil fraud judgment of $256 million, of which Consulate Health Care was ordered to pay $4.5 million. Both nursing homes operated under […]
National commercial real estate company Greystone provided $25,100,000 in bridge acquisition financing for a 582-bed seven-property portfolio in Missouri. The loan is interest only for the first two years and includes floating rate bridge financing. It features a 36-month term with two six-month extension options. Managing Directors Eric Rosenstock and Fred Levine originated the loan […]
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 […]
Senior Living Investment Brokerage Sells Skilled Nursing Facility Azalea Gardens Senior Living Investment Brokerage, a leader in the senior housing transaction market, recently announced it facilitated the sale of Azalea Gardens at $11 million. The 170-bed and 137 operational bed skilled nursing community is located in Mobile, Alabama, and remains in a long-term lease with […]
Harborview Capital Partners arranged a $32.4 million Department of Housing and Urban Development (HUD) Section 232/223(f) loan for the refinancing of a 210-bed skilled nursing facility for the Chicago-based operator Legacy Healthcare. The loan features a 35-year term and “amortization at an extremely aggressive rate,” according to a statement announcing the deal. Ephraim Kutner, Jonathan […]
Harborview Capital Partners this week announced a raft of skilled nursing deals with a total of more than $191 million in acquisition and refinance loans. First up, the New York City-based real estate finance and advisory firm teamed with Meridian Capital Group to provide $93.7 million for the acquisition of 19 facilities in the western […]
The Portopiccolo Group recently expanded its skilled nursing ownership footprint with the assistance of Capital Funding Group, which bankrolled the acquisition of a Virginia facility and the refinance of a second property in Kentucky. The $14.5 million bridge-to-Department of Housing and Urban Development (HUD) loan allowed the Englewood Cliffs, N.J.-based Portopiccolo purchase Emporia Manor, a […]
Harborview Capital Partners arranged a $196 million Department of Housing and Urban Development (HUD) 232/223(f) refinance loan for a portfolio of 13 skilled nursing and assisted living facilities. The portfolio includes about 1,700 licensed beds. The loan, obtained for a large regional operator who asked to be kept anonymous, was originated by Harborview principals Ephraim and […]
Harborview Arranges $63M Bridge-to-HUD Loan for Brooklyn SNF Harborview Capital Partners arranged a $63 million bridge-to-HUD loan for a skilled nursing facility and two adult day care centers in Brooklyn, N.Y., REBusinessOnline reported. The loan refinances existing debt, and the borrower, who was undisclosed, plans to add a new rehabilitation gym to the facility. Kalesta Health Care […]
HFF Announces Sale of San Antonio SNF HFF announced the sale of the 144-bed Mesa Vista Inn Healthcare Center, a post-acute skilled nursing facility in San Antonio, Texas. HFF marketed the property for Kayne Anderson Real Estate, the seller, and procured the buyer, an O&M Investments affiliate. Harborview Capital Partners Arranges $47.5M Bridge Loan Harborview Capital Partners, a commercial […]
Summit Healthcare REIT Acquires Interest in 9 Northeast SNFs Summit Healthcare REIT, Inc. acquired an interest in nine Northeast skilled nursing facilities for $60 million, the Lake Forest, Calif.-based Summit announced in a press release. The facilities, with a total of 1,285 beds, will be leased back to the existing operator. The purchase was made through […]
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