Lancaster Pollard provided a $17.3 million loan insured by the Department of Housing and Urban Development to refinance Willow Springs, a skilled nursing facility in Brick, N.J. Tryko Partners was the borrower, having purchased the community from NuVision Management in 2013, REBusinessOnline reported. The facility had 148 skilled nursing beds and an assisted living (AL) […]
REBusinessOnline.com
Blueprint Announces Eight-Property SNF Portfolio Sale in Pennsylvania Blueprint Healthcare Real Estate Advisors announced the sale of an eight-property skilled nursing portfolio in southeast Pennsylvania with 1,050 beds; some of these facilities offered high-acuity, specialty care. The seller sought to divest non-core assets, which included a portion of high-barrier-to-entry locations in the Philadelphia area, according […]
Developer Hits Milestone on $60M SNF in White Plains, N.Y. The Congress Companies, based in Massachusetts, is building a $60 million, 160-bed skilled nursing facility in White Plains, N.Y., and celebrated a topping-off ceremony on June 12, the Westchester County Business Journal reported. The construction of the White Plains Institute for Healthcare & Rehabilitation is being led […]
Blueprint Announces Wisconsin SNF Sale Blueprint Healthcare Real Estate Advisors announced the sale of the skilled nursing facility Nu-Roc Community Healthcare in Forest County, Wis. The community was stabilized at the time of the sale, with occupancy of more than 95% and a rating of five stars from the Centers for Medicare & Medicaid Services (CMS). Blueprint […]
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 […]
Monticello Provides $8M to NY SNF An affiliate of Monticello Asset Management provided $8 million in financing to Leroy Operating, which will buy a 140-bed skilled nursing facility in New York. The facility has a five-star rating from the Centers for Medicare and Medicaid Services (CMS), and includes a 40-bed non-secure memory unit and a 28-bed short-term […]
Greystone Provides $23.5M HUD Loan for Suburban New York SNF Greystone, a New York City-based real estate lending, investment and advisory company, provided a $23.52 million permanent loan insured by the U.S. Department of Housing and Urban Development (HUD) to refinance The Willows at Ramapo Rehabilitation and Nursing Center in Suffern, N.Y. The long-term Federal Housing Administration (FHA) financing has […]
Grand Healthcare System Buys SNF in Valatie, New York The Grand Healthcare System, based in Whitestone, New York, purchased the 236-bed Barnwell Nursing and Rehabilitation Center, the Times Union reported. Grand purchased the Valatie, New York facility from Cassena Care, bringing Grand’s SNF total in New York to nine. Documents from New York’s Health Department indicated that entities linked to […]
Kindred Provides Update on Closings for Its Skilled Nursing Facility Louisville, Kentucky-based Kindred Healthcare said it completed additional closings connected with its agreement to sell off its skilled nursing assets to BM Eagle Holdings, LLC. The most recent closings include 12 skilled nursing facilities and one assisted living facility sold since Oct. 1, with proceeds […]
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