Press "Enter" to skip to content

Transactions and Financings: Legend Senior Living Grows Portfolio; Capital Funding Group Finances $410M in 1H23

Legend Senior Living expands Oklahoma footprint 

Wichita, Kansas-based Legend Senior Living recently announced the acquisition of The Linden at Stonehaven Square Assisted Living and Memory Care in Tulsa, Oklahoma.

The transaction is a joint venture with an institutional investor.

The community has been renamed The Stonehaven, and marks the fifth Legend Senior Living community in the Tulsa area ollowing the acquisition of Prairie House Assisted Living and Memory Care in Broken Arrow.

Kirco acquires Kentucky community in JV

Kirco, an investment and real estate firm with a focus on senior living, announced the acquisition of Legacy Reserve at Fritz Farm in Lexington, Kentucky.

The transaction is a joint venture with Atlas.

The community was built in 2017 and includes 167 units and currently has an occupancy of 100%, according to a news release announcing the acquisition.

Capital Funding Group finances $410M in 1H23

Capital Funding Group announced the company financed $411.2 million across 27 deals in the first-half of this year.

That financing includes 19 healthcare bridge loans, five multifamily bridge loans, three HUD loans. Financing of the multifamily bridge loans totaled $49.7 million of CFG’s January to June financing.

The transactions include:

-$207 million for refinancing 10 skilled nursing facilities in Maryland, North Carolina and Virginia.

-$84 million in bridge to HUD financing for the acquisition of seven skilled nursing facilities and one AL community in Alabama.

-$34 million in bridge to HUD financing for the acquisition of three skilled nursing facilities in Pennslyvania

$32 million in bridge to HUD financing for the acquisition of a 200-bed skilled nursing facility in New York.

$27 million for a construction loan for the conversion of a partially-completed hotel to a 191-unit AL community in Sunrise, Florida.

$13 million in financing to support a skilled facility in Vermont.

$10 million in financing for a 99-bed skilled nursing facility in California

$10 milion in bridge to HUD laons for refiancing a 112-bed skilled facility in Arizona.

$8 million in mezzanine financing for the acquisition of a skilled nursing facility in New York.

$3 million in bridge to HUD financing for the acquisition of two skilled nursing facilities in Washington.

The post Transactions and Financings: Legend Senior Living Grows Portfolio; Capital Funding Group Finances $410M in 1H23 appeared first on Senior Housing News.

Source: For the full article please visit Senior Housing News

Be First to Comment

    Leave a Reply