Financial

NEW YORK, – BHI, a full-service commercial bank, announced that its Healthcare Group has arranged $41,860,000 in construction financing for the Oasis at Coral Reef, a new 217,123-square-foot luxury senior living facility under development in Miami, adjacent to Jackson South Medical Center. BHI has provided financing of $31,860,000 and Coastal …

Bethesda, Maryland | May 26, 2020 – Walker & Dunlop, Inc. announced today that it structured $14,895,100 in financing for The Grove Fox Valley, a 156-bed skilled nursing facility located in Aurora, Illinois, $14,960,000 in financing for WellBridge of Novi, a 100-bed skilled nursing facility in Novi, Michigan, and $7,377,600 Asbury of Kankakee, a 98-bed supportive living facility in …

MISSISSAUGA–Revera Inc. in partnership with other industry leaders announced this week the launch of the Senior Living CaRES Fund (the CaRES Fund), which has been established to provide emergency support to senior care workers who are struggling due to COVID-19. The fund will provide a one-time financial assistance grant of …

GRAND RAPIDS, MI–The Porter Hills Foundation is excited to announce that it has received $20,000 from the Heart of West Michigan United Way Coronavirus Response Fund. This gift will support Porter Hills Foundation’s COVID-19 Emergency Fund for frontline caregivers, a special support fund for team members caring for older adults …

CHELSEA, MI–The United Methodist Retirement Communities (UMRC) Foundation is pleased to announce that it has received a $15,000 grant from the Chelsea Community Foundation, an affiliate of the Community Foundation for Southeast Michigan. This grant to the UMRC Foundation will help provide general operating support for this senior living organization …

CHICAGO–As with millions of other businesses across the U.S., Cambridge Realty Capital is operating remotely during the COVID-19 pandemic. So while it’s not quite “business as usual,” it’s “about as close as it can be,” according to Cambridge President Jeffrey Davis. And he has some good news to offer to …

ITHACA, NY– Empower Equity (EMPEQ), a service-disabled veteran-led fintech company focused on delivering equipment and project financing for commercial and industrial buildings, has broadened its portfolio with over $2 billion in available funding. With this fund, EMPEQ can provide immediate financing, ranging from $10,000 to $10 million, for small- to …

By Steven J. Sless, CLTC® As in the case with most recessions, the COVID-19 global pandemic has investors and businesses looking to “leverage.” Simply put, this is the concept of using various financial instruments or borrowed capital to multiply the potential return. There has seen a surge of interest from …

GARDEN GROVE, CA–Brand New Day, a Medicare Advantage prescription health plan available in 12 California counties, announced its new COVID-19 relief program that goes above and beyond the full compliance measures outlined by the Centers for Medicare & Medicaid Services. Phase I: Making telephonic welfare check-ups on members at highest risk …

ROANOKE, VA–The James R. Smith Family Charitable Foundation, in an effort to recognize frontline workers providing critical care and support to senior communities, has committed over $1.2 million to provide disaster relief gifts to frontline associates of Harmony Senior Services. The gifts will be disbursed in two installments to over …