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 Bank
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 […]
Post Acute Partners to Buy Majority Stake in Upstate NY Nursing Complex Weinberg Campus, a New York state senior living provider, agreed to sell the majority of its main nursing home and senior care complex in Amherst, New York, to Post Acute Partners, The Buffalo News reported. The Weinberg facilities will be operated by Post Acute Partners […]
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 […]
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 […]
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