Financings
EBSC Lending provides $26.2M for affordable housing
EBSC Lending recently supplied $26.2 million in financing for a 41-unit affordable senior housing complex in Michigan. The funding will be used to refinance existing debt, carry out capital improvements, and create new loft-style apartments, ensuring the community’s continued affordability.
Cambridge provides $15.5M HUD refinancing loan
Cambridge Realty Capital Companies has facilitated a $15.5 million HUD Lean loan for The Pointe at Eastgate in Algonquin, Illinois. This financing will support the community’s transition to a more supportive living environment.
Capital Funding Group closes on $13.5M financing
Capital Funding Group recently closed a $13.5 million Bridge-to-HUD loan for a skilled nursing facility in Ohio. This follows the success of two HUD loans totaling $17.4 million in Florida.
Transactions
Blueprint sells two Indiana assisted living, memory care communities
Blueprint brokered the sale of two assisted living and memory care communities in northern Indiana. Totaling 119 units, these communities present an attractive value-add opportunity for the selected buyer.
Blueprint facilitates sale of 269-unit campus
Blueprint facilitated the sale of a 269-unit independent living, assisted living, and memory care campus in San Antonio, Texas. The campus, built in 2011 and 2017, will continue to operate under Franklin Companies with a public REIT as the new owner.
