IDB Bank arranges $201.5 million in financing for 21-SNF portfolio
By
Kathleen Steele Gaivin
Jun 24, 2024
New York-based IDB Bank has arranged a $201.5 million bridge-to-HUD loan for an unnamed operator of 21 skilled nursing facilities with locations in Georgia, Michigan, North Caroliona and Texas.
Business briefs, May 30
By
Kathleen Steele Gaivin
May 30, 2024
Alabama, Iowa, Mississippi, West Virginia and Wyoming found to have the most affordable retirement communities … ‘Daunting’ concerns about nursing home cost escalation dominate 2025 pay rule comments...
Actions & Transactions, May 28
By
Kathleen Steele Gaivin
May 28, 2024
Shell Point Retirement Community to borrow $260M for expansion, including hurricane-grade shelter … Bethesda breaks ground on active adult community in Wilmar, MN … Blueprint advises Birchwood Healthcare...
Business briefs, May 28
By
Kathleen Steele Gaivin
May 28, 2024
Sector vows ‘confidence’ in staffing rule lawsuit success; consumer advocates press forward with complaints … Judge rejects plea deal for former Skyline nursing home owner Schwartz … Black Americans...
Actions & Transactions, May 22
By
Kathleen Steele Gaivin
May 22, 2024
Grace Management celebrates opening of active adult community in Conroe, TX … iCare Health Network purchases 8-SNF portfolio in Connecticut for $60M … Construction to begin on Kaukauna, WI, senior...
Business briefs, May 22
By
Kathleen Steele Gaivin
May 22, 2024
Staffing rule financial penalties could be ‘existential’ crisis for nursing homes … Aging services coalition urges passage of assisted living legislation for veterans … Attorney general sues over...
Business briefs, May 21
By
Kathleen Steele Gaivin
May 21, 2024
New bill would extend telehealth services for seniors … Long-term care leaders return to basics, employ innovation to grow direct care staff … Nursing home residents sue state over conditions, lack...
Business briefs, May 20
By
Kathleen Steele Gaivin
May 18, 2024
States tackle language-based barriers to worker training, testing … Senior living referral site accused of using manipulated reviews in listing communities providing substandard care … New York Senate...
Actions & Transactions, May 17
By
Kathleen Steele Gaivin
May 17, 2024
Capital Funding Group closes $36.2M in Bridge-to-HUD refinancing for 5 North Carolina SNFs … Belmont Village, Greystar plan active adult community in Rancho Santa Fe, CA … Blueprint negotiates sale...
Actions & Transactions, May 14
By
Kathleen Steele Gaivin
May 13, 2024
First Citizens Bank arranges $260M for refinancing of 12-property SNF portfolio in Maryland … ESI sells 8-property, $60M SNF portfolio in Hartford, CT, metro area … Cogir of Folsom, CA, celebrates...