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Transactions and Financings: Lumen Closes on $13.4 million loan to refinance; Standard Communities Acquires Five Senior Housing Properties 

Financings

Lument closes on $13.4 million Fannie Mae loan to refinance Texas community

Lument announced on Sept. 14 that it has closed on a $13.4 million Fannie Mae loan to refinance The Fordham at Eagle Springs, located in Humble, Texas.

The age-restricted community was built in 2020 and consists of six buildings with 137 units.

The loan has a 10 year term.

Acquisitions

Standard Communities acquires five affordable senior housing properties

Standard Communities has acquired six affordable housing properties, five of which being senior housing, in Los Angeles County for $122 million.

The senior housing communities include:

  • Oxford Park, a 109-unit community
  • Rayen Park, an 84-unit community
  • Sherman Arms, a 74-unit community
  • Villa Marisol, a 48-unit community
  • Columbus Terrace, a 42-unit community

Additionally, Standard Communities acquired Villa San Dimas, a 50-unit family community. The communities were all built between 1969 and 1980.

According to a press release, Standard Communities will extend the communities’ affordability by 20 years under HUD Housing Assistance Payments contracts.

Partnerships

Serviam Care Network partners with WelcomeHome Software

Serviam Care Network has announced its partnership with WelcomeHome Software as its CRM provider in an effort to focus on value-based care.

According to a press release, WelcomeHome Software will “seamlessly integrate with Serviam’s VIA Contact Center” to give clients access to “the full lead management experience.”

The partnership will reportedly allow Serviam to provide better health outcomes for residents and improve the bottom line for operators.

The post Transactions and Financings: Lumen Closes on $13.4 million loan to refinance; Standard Communities Acquires Five Senior Housing Properties  appeared first on Senior Housing News.

Source: For the full article please visit Senior Housing News

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