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Merchants Capital Secures Bridge Financing for Assisted Living Portfolio in Ohio

CARMEL, IN–Mortgage banking firm Merchants Capital has arranged nearly $50 million in total financing for three assisted living communities in Ohio: The Ashford at Mt. Washington, The Ashford on Broad and The Ashford on Sturbridge. Merchants Capital secured the bridge loans on behalf of Wallick Communities, which develops affordable assisted living and memory care communities. The bridge …

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Terra Firma Capital Corporation Announces the Closing of two Transactions with Reichmann International Realty Advisors Totaling US$14 Million (CDN$18.8 Million)

TORONTO–Terra Firma Capital Corporation (TSX-V: TII) (“Terra Firma” or the “Company”), has announced the closing of two preferred equity investments (the “Investments”) totaling US$14million (CDN$18.8 million) in two separate assisted living and memory care projects to be developed in two separate locations in Florida, Del Ray Beach and Royal Palm …

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Walker & Dunlop Provides $52 Million in Financing for Colorado Senior Housing Portfolio

BETHESDA, MD–Walker & Dunlop, Inc. announced that it structured $52,035,000 in financing for three Class A senior housing properties totaling 196 units in Colorado Springs and Centennial, CO. Each of the properties, MorningStar at Jordan, MorningStar at Mountain Shadows, and MorningStar at Bear Creek, is owned in a partnership between MorningStar Senior Living and an alternative investment fund manager …

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Hunt Real Estate Capital Finances the Acquisition and Rehabilitation of an Affordable Senior Housing Property Located in Pinellas Park, Florida

NEW YORK–Hunt Real Estate Capital, a leader in financing commercial real estate throughout the United States, provided two loans to finance the acquisition and rehabilitation of an affordable senior housing property located in Pinellas Park, FL. Hunt Real Estate Capital provided an $11 million affordable multifamily loan and a bridge loan in the amount …

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Berengaria & BrightStar Senior Living Secure Funding in Mason, Ohio

MILWAUKEE–Berengaria, a portfolio company of Marcus Investments, together with BrightStar Senior Living, have secured financing for another ground-up development of an assisted living and memory care community in Mason, OH. The 41-unit building will be focused on person-centered care in a home-like environment. The staff to resident ratio will be …

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HJ Sims Partners with Lutheran Senior Services to Finance Campus Expansion, Capital Improvements While Preserving Future Entrance Fees to Refund Higher Coupon Bonds

FAIRFIELD, CT–HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, is pleased to announce the successful $92,370,000 financing, which closed in February 2019, for Lutheran Senior Services (LSS). Located in Missouri and Illinois, LSS is a non-profit parent company that, with its subordinate entities, owns and operates …

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