Financial

GLEN ELLYN, IL–Senior Living Investment Brokerage (SLIB) facilitated the sale of an assisted living and memory care community located in Gresham, OR. This transaction consists of 135 units / 157 licensed beds of assisted living and memory care. The community was built in 1988 and expanded in 1998. Gresham, a …

AUSTIN, TX–Kong Capital LLC announces a raise of $4 million in seed money from investors throughout the U.S. The investor group includes leading real estate entrepreneurs as well as private equity and venture capital managers. Kong Capital, based in Austin, focuses exclusively on strategic investment opportunities in the growing Senior Housing sector. Led by …

CHICAGO, IL–Ziegler, a specialty investment bank, is pleased to announce the successful closing of Enso Village’s $12,350,000 Tax-Exempt Series 2019 Bond Anticipation Note (BAN), to Ziegler’s knowledge the first BAN ever issued in California. The Kendal Corporation and San Francisco Zen Center have come together to create Kendal at Sonoma, …

CHICAGO–Cambridge Realty Capital Companies reports providing a $7,600,000 HUD Lean loan to refinance Pontiac Supportive Living, a 60-bed supportive living facility, located in Pontiac, IL. Jeffery A. Davis, Cambridge President, said the fully amortized, 35-year loan was provided for the owner, an Illinois limited liability, company using the HUD Section …

GLEN ELLYN, IL–SLIB, a leader in the seniors housing market, facilitated the sale of two skilled nursing communities located in Tennessee. Mt. Pleasant Health & Rehab Center (72 skilled beds) / Pleasantwood Apartments (30 independent living units) is located in Mount Pleasant, TN, 60 miles southwest of Nashville. Trinity Health …

CHARLOTTESVILLE, VA–Commonwealth Senior Living (“CSL”) hosted its annual Commonwealth Cares Golf Classic on September 16 at the Kingsmill Resort in Williamsburg. In its fourth year, the annual golf tournament event benefits Commonwealth Cares, a 501(c)3 nonprofit organization devoted to helping CSL employees suffering from financial hardship during a time of …

CHICAGO–”If you can’t teach them, join them” is a new twist on an old aphorism which Cambridge Realty Capital President Jeffrey Davis is putting into practice in Cambridge’s business. It’s a new direction for Cambridge, and it’s all for the sake of providing more diverse, creative and accessible capital structures …

GLEN ELLYN, IL–SLIB, a leader in the seniors housing market, facilitated the sale of a 85-bed skilled nursing community located ten miles north of Lexington, KY. The asset offers a well-maintained physical plant that has received several updates within the last few years and stable occupancy. The community has an …

GLEN ELLYN, IL–SLIB, a leader in the seniors housing market, facilitated the sale of a 122-bed skilled nursing community located within a rapidly growing submarket within the Savannah, Georgia MSA. The community is licensed by the State of Georgia for 122 beds but currently only utilizes 88. The 4.9 acre …

NEW YORK–CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger for a $27.2 million loan for two assisted living facilities in Texas. The borrower, a joint venture between Harrison Street and Franklin Development Partners, is using the loan proceeds to refinance existing debt and cover closing …