Oak Grove Capital
Oak Grove Capital announced a $25.5 million loan for Martin Luther Campus in Minnesota.
Oak Grove Capital has closed a $3.6 million refinancing loan for Senior Suites of Urbandale.
SpiderSuite, which provides mobile inspection management products for commercial real estate, announced a partnership with commercial lender Oak Grove Capital.
Oak Grove Capital announced that it had closed two loans for seniors housing facilities totaling $12.8 million last month.
Oak Grove Capital has closed six loans for seniors housing at a total of $18.9 million.
Oak Grove Capital announced Markham House, a 54-unit assisted and independent living complex in Portland, OR, has received a $2.8 million loan.
Oak Grove Capital has arranged a $14.7 million loan for the refinancing of Carlton Plaza Fremont, a 122-unit independent and assisted living community in California.
The trust a long-term care organization places in a person to guide and consult on its finances is no less important than the trust the residents have in the operator. A provider must be willing to invest the time to find one who is a good fit, and willing to go the extra mile to help achieve the provider's specific financial goals.
Sherry Daughtery has been named The LaSalle Group's new director of finance. Her primary focus will be to source debt and equity for new construction developments and to secure bridge and permanent financing for existing properties, as well as oversee a team of financial analysts.
Fannie Mae has named Oak Grove Capital as a top seniors housing lender, ranking it No. 2 on its 2013 list of Top DUS Producers for Seniors Housing.
Oak Grove Capital announced it has closed a $259 Fannie Mae DUS credit facility for Brookdale Senior Living.