Financings
NewPoint Real Estate Capital Expands Senior Living Platform
NewPoint Real Estate Capital announced that it has expanded its senior living financing offerings to include Fannie Mae and Freddie Mac Optigo senior living loans.
This comes about three months after NewPoint formed its seniors housing agency platform to supplement its existing HUD/FHA-focused seniors housing and health care options.
NewPoint offers fixed- and floating-rate loans for IL, AL and memory care communities with terms ranging from five to 10 years with up to 30 years for fixed-rate loans.
The NewPoint seniors housing platform is led by Sean Huntsman, managing director and Katherine Stewart, managing director and platform lead.
Webster Provides $22M for Senior Lifestyle Corp Refinancing
Webster Bank announed it provided $21.8 million in a senior mortgage loan to AEW Capital Management and Senior Lifestyle Corporation for the refinancing of one of its communities.
The community — called Church Hill Village — is a 71-unit assisted living and memory care community located in Newtown, Connecticut. It was developed by AEW and SLC and opened its doors in January 2020.
Sales
SLIB Facilitates Sale in Alabama
Senior Living Investment Brokerage (SLIB) announed it recently facilitated the sale of an Alabama-based assisted living and memory care community.
The community — called Heritage Assisted Living and Memory Care — has 30 assisted living units and 16 memory care units on nearly five acres in Madison, Alabama in the Huntsville area. It was sold by a group of physicians who developed the community.
At the time of sale, the community was nearly fully occupied despite not being stabilized regarding rental rates and expenses.
SLIB’s Bradley Clousing and Daniel Geraghty handled the transaction.
The post Transactions & Financings: NewPoint Expands Senior Living Platform; SLIB Facilitates Alabama Sale appeared first on Senior Housing News.
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