Illinois Seal

Challenges and Prospects in Repurposing Old Buildings for Assisted Living

When various types of buildings end up vacant and in disuse, sometimes the next logical step is to repurpose them for senior housing, especially as the nation’s senior demographic grows at a rapid pace. Old hospitals, hotels, and schools are probably the three most common types of buildings that can be converted into an assisted [...]

Financing Senior Care Renovation: Less Risky Alternative to New Construction?

New construction starts remain significantly below peak 2007 levels, according to data from the National Investment Center for the Seniors Housing & Care Industry, and with financing largely unavailable for ground-up construction, is renovation or rehabilitation of senior care facilities a less-risky alternative for lenders? With nursing homes across the nation an average of nearly four [...]

Recent Senior Housing Finance Activity: Love, Ziegler, KeyBank

Love Funding Secures a $4.6 Million Loan Refinance for Illinois ALF Love Funding announced on Jan. 3 that it closed a $4.6 million refinancing through the Department of Housing and Urban Development’s 232/223(f) loan program for an assisted living and memory care center located in Milan, Illinois. Avonlea Cottage of Quad Cities is a 46-unit [...]

Senior Housing Construction Financing Starting to Increase

The availability for new senior housing construction is starting to increase according to Peter Kane, Managing Director of the Private Bank. During an interview with the National Investment Center for the Seniors Housing and Care Industry, Kane said after years of cleaning up their balance sheets and working through regulatory changes, investors are demanding improved [...]

Red Capital Structures Financing for California Affordable Seniors High Rise

Red Capital Markets, LLC  and red Mortgage Capital, LLC, the investment banking and mortgage lending entities of comprehensive capital provider RED CAPITAL GROUP, LLC, recently provided a combination of bond underwriting and mortgage banking services to the substantial rehabilitation of a low-income multifamily/seniors housing property in a San Francisco neighborhood. The transaction utilized a $33.2 [...]