Total 7 Posts
Senior housing generally refers to housing intended for elderly individuals. This can come in several forms, including independent living communities for those 55-65+, nursing homes, assisted living centers, and Alzheimer's/memory care facilities
Greystone Provides $13M for Skilled Nursing Home
HACO Properties received the loan for the acquisition of a 120-bed facility in Rockwall, Texas.
Oregon Senior Housing Development Gets $24M Loan
Onelife Senior Living will use the construction financing to develop 103 assisted living units in Springfield.
Cape Cod Senior Community Lands $25M Refi
The 70-unit multifamily asset includes a number of affordable apartments.
Demand Drives Senior Housing Forward
But is it enough? Operating costs and staffing shortages continue to plague the sector.
Capital Markets Insight: Janover Ventures' Brandon Ramineh Discusses Latest Seniors Housing Deal
This week, Janover Ventures’ Brandon Ramineh closed a $2.6 million bank loan for Morningstar Care Homes, LLC. The deal contained two assisted living properties located in Fredonia and Neodesha, Kansas.
HUD 232 Loan Program Relaxes Cash-Out Rules For Borrowers
HUD 232 loan borrowers have traditionally needed to wait 24 months after taking cash out from a lender before refinancing with HUD. Fortunately, HUD recently adjusted their rules to eliminate this waiting period, provided that the proposed loan fits several other parameters.
HUD 202 Program Changes Would Increase Capital Availability For Non-Profit Seniors Housing
The HUD 202 program, which provides eligible non-profits financing to create or acquire affordable properties for senior citizens, might be getting yet another boost. Specifically, Congress has permitted Section 202 PRAC properties to take part in the Rental Assistance Demonstration (RAD) program.