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 …
Read More »Revera Inc. partners with Canadian Senior Living Sector Leaders to Launch $2M Relief Fund
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 …
Read More »Porter Hills Foundation Receives Grant from Heart of West Michigan United Way Coronavirus Response Fund
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 …
Read More »UMRC Foundation Receives $15,000 Grant from Chelsea Community Foundation
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 …
Read More »HUD Makes Contingencies for Borrowers During COVID-19 Pandemic
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 …
Read More »Empower Equity Announces $2 Billion in Funding to Provide Critical Equipment Capital During COVID-19
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 …
Read More »Leveraging Housing Wealth with Jumbo Reverse Mortgages During Economic Uncertainty
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 …
Read More »Brand New Day Rolls Out COVID-19 Relief Program
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 …
Read More »Smith Family Foundation Recognizes Senior Caregivers
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 …
Read More »COVID-19 Alert: Insurance Scams Appearing, May Spread
WASHINGTON–Fake coronavirus health coverage and other insurance schemes are beginning to surface as scammers continue exploiting the pandemic for personal profit at consumer expense, warns the Coalition Against Insurance Fraud. Robocalls, plus text and email phishing attacks can pitch false insurance deals to consumers of all ages. These pitches may …
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