There are many sound reasons for long-term care providers to refinance, says Chris Taylor, managing director, Real Estate Finance, GE Capital, Healthcare Financial Services.
Oak Grove Capital has closed a $3.6 million refinancing loan for Senior Suites of Urbandale.
Lancaster Pollard, a provider of financing solutions for healthcare, senior living and housing organizations in Columbus, OH, recently closed four separate deals.
Capital One Specialty Healthcare Real Estate provided an $8.8 million loan to refinance Wheelock Terrace, a 70-bed assisted facility in Hanover, NH. The facility also provides memory care services.
Lancaster Pollard announced it has helped Kaplan Development Group refinance two senior living properties for $23.8 million.
Lancaster Pollard has assisted Wilmac Corporation in refinancing $30.8 million for three of its facilities: Attleboro Nursing & Rehabilitation Center, the Brunswick at Attleboro and the Brunswick at Longstown. The facilities offer assisted living and skilled nursing.