Paragon’s $16M Skilled Nursing Refinance in Hollywood; $34M SNF Project Planned in Downtown Chicago

Paragon Mortgage late last month announced the successful completion of a $16.3 million refinance loan for All Saints Healthcare in North Hollywood, Calif. The 128-bed skilled nursing facility now has permanent financing through the Department of Housing and Urban Development’s (HUD) 232/223 program, according to the Phoenix-based Paragon. All Saints provides skilled nursing care to […]

SunTrust Sees Upside to Increasing Skilled Nursing Regionalization

The Atlanta-based SunTrust Banks (NYSE: STI) last week announced a nationwide expansion of its Aging Services/Senior Living Practice group, with an eye on the emerging trends in the skilled nursing space. First launched on a regional basis in the Southeast about four years ago, the senior-specific group has seen the increasing regionalization of the skilled […]

Skilled Nursing Transactions: Former Golden Living Property Could Sell for $1

Former Golden Living Building on Block for $1 A Pennsylvania building that once housed a Golden LivingCenter nursing home could sell for as little as $1. That’s the current bid as of Tuesday afternoon in an online auction for the defunct SNF in Cambridge Springs, Pennsylvania. Crawford County authorities currently own the 34,067-square-foot building, which was […]

Transactions: Greystone Arranges $78M in HUD Financing for SNF

Greystone Lands $78 Million HUD Loan for Brooklyn SNF Greystone, a New York City-based real estate lending, investment and advisory company, provided a $78 million Department of Housing and Urban Development refinance loan for Boro Park Center for Nursing & Rehabilitation in Brooklyn, N.Y. The transaction represents one of the largest-ever HUD loans for a […]