MonticelloAM Closed on a $73.2 million bridge and working capital loan for an Ohio provider, while Blueprint closed on the sale of Samaritas Senior Living Cadillac for an undisclosed amount. MonticelloAM Closes $73.2M in Bridge and Working Capital for Ohio Portfolio MonticelloAM announced the closing of $73.2 million in total bridge and working capital financing […]
CIBC Bank USA provided a $67 million term loan to finance the acquisition of five skilled nursing facilities and refinance 21 skilled nursing and assisted living facilities in Wisconsin. Meanwhile, a skilled nursing portfolio of 29 facilities in the Southeast received $22 million in funding from MONTICELLOAM. CIBC Bank USA provided a $67 million for […]
Strawberry Fields to Buy Facilities in Kansas for $24M Strawberry Fields REIT (NYSE American: STRW) is set to purchase six long-term care facilities in Kansas for $24 million using current working capital, consisting of five nursing homes and one assisted living property. All 354 licensed beds will be leased to Advena Living, led by Willie […]
Capital Funding Group (CFG) closed on a $132.24 million bridge loan to support refinancing of four skilled nursing facilities in Virginia, while MonticelloAM closed $87 million in financing for a Florida-based SNF portfolio. CFG Closes $132.24M in refinancing for 4 SNFs Capital Funding Group (CFG) announced the closing of a $132.24 million bridge loan, on […]
MonticelloAM provided $87 million in bridge and working capital financing for a skilled nursing portfolio based in Florida, while CFG provided financing to 16 skilled nursing facilities (SNFs) in California, North Carolina, Iowa, and Florida. CFG provides $76M in financing for 16 SNFs Capital Funding Group (CFG) announced the closing of four transactions totaling more […]
NHI acquired a $121.3 million long-term care portfolio, while a regional operator received $59.25M in financing for three skilled nursing facilities (SNFs) in Illinois. NHI Acquires $121.3M Portfolio National Health Investors (NYSE: NHI) announced Thursday that it is purchasing a portfolio of 10 assisted living and memory care communities in North Carolina for $121.3 million. […]
Lenders and operators agree the skilled nursing market continues to largely be a regional affair when it comes to prospective transactions – buildings are often considered within the context of others in a 15- to 20-mile radius, with national statistics oftentimes secondary. State or regional specific operators understand what’s happening with labor in those markets, […]
New York City-based health care lender and asset manager MONTICELLOAM, LLC late last year announced it provided $89 million in debt financing for the refinancing of 10 skilled nursing facilities and one assisted living facility. The facilities consist of a total of 1,188 beds in California, Colorado and Iowa. SLIB Helps Sell Two Pennsylvania SNFs […]
New York City-based health care lender and asset manager MONTICELLOAM, LLC announced it provided $58.13 million in debt financing for the refinancing of five skilled nursing facilities in Florida. The facilities consist of a total of 607 beds. The transaction’s sponsor is reportedly an experienced owner/operator with a current portfolio of more than 35 buildings […]
New York City-based health care lender and asset manager MONTICELLOAM, LLC announced that it provided a $70 million, five-year loan to refinance a seven skilled nursing facility portfolio. That portfolio consists of 953 beds throughout Arkansas. The sponsors of the transaction have a total portfolio of approximately 1,200 beds in Arkansas and have a proven […]
Commercial real estate finance firm Greystone and fellow lender and consulting firm MONTICELLOAM on Monday announced a joint venture combining their senior housing and health care lines of business. The joint venture is expected to provide a “one-stop-shop” of capital finance products for the health care and senior housing industries, the New York-based companies said […]
As the calendar turned to 2021, the skilled nursing mergers-and-acquisitions market showed signs of heating up with multiple big-dollar portfolio deals announced. First up, MONTICELLOAM on Monday trumpeted its involvement in a $507 million skilled nursing portfolio transaction in the Southeast. The New York City-based health care lender and asset manager originated $368 million in […]
MONTICELLOAM, LLC and its affiliates announced $42.08 million in first lien debt financing for the acquisition of a skilled nursing facility in Virginia. The transaction includes a $3.5 million working capital loan for the operating companies, provided by Monticello Commercial Capital, the real estate and asset-based lender, asset manager and servicer’s asset-based lending group. The […]
American Medical Technologies, a leading provider of wound-care services to post-acute and long-term care facilities, last Friday announced its acquisition by private equity firm One Equity Partners and investment management company The Silverfern Group. The Irvine, Calif.-based AMT operates in more than 6,250 facilities across the country, according to the company, with services ranging from […]
Symphony Care Network this week announced the successful completion of a deal to take over three skilled nursing and assisted living properties — previously operated by the non-profit Caretel Inns — in Michigan. The Chicago-based Symphony had previously announced the deal last September, immediately assuming operations at a pair of former Caretel facilities and starting […]
Walker & Dunlop announced a three-facility financing deal with a total price tag of $37 million, covering a pair of skilled nursing facilities and a supportive living property. The Bethesda, Md.-based real estate finance company secured a $14.9 million refinance on The Grove Fox Valley, a 156-bed SNF in Aurora, Ill, and a $14.9 million […]
Chicago-based specialty investment bank Ziegler this week announced the successful sale of a three-building skilled nursing portfolio on behalf of former owner Emerald Shelter Group. The buyer, a joint venture between an owner-operator group and a private equity firm, paid $67 million for the three properties in Wilmington, Newark, and Lewes, Del. Based in Nashville, […]
MONTICELLOAM, LLC provided $97.2 million in first-lien debt financing for the acquisition of an five-building skilled nursing portfolio in Virginia, the New York City-based lender announced this week. With the deal, the unnamed buyer — an owner-operator — added 856 beds to its existing portfolio of more than 1,100 skilled nursing beds. MONTICELLOAM’s asset-based lending […]
MONTICELLOAM and its affiliates provided a $46.8 million first-lien debt financing to refinance a skilled nursing property and two adult day care facilities with a combined 407 beds in New York. The deal includes a $3 million working capital loan to the operating company of the properties, which was provided by Monticello Commercial Capital, LLC, […]
Nursing home operators that have relied on government-backed financing for acquisitions and renovations can begin measuring time in two distinct eras: pre-Rosewood and post-Rosewood. The record-setting default on the Rosewood Care Centers portfolio, publicized in the New York Times, has prompted the Department of Housing and Urban Development (HUD) to take a harder line on […]
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