KeyBank Provides $334.4M Credit Facility for National Assisted Living Portfolio

Chicago—KeyBank Real Estate Capital has closed a $334.4 million Fannie Mae credit facility for Enlivant, a Chicago-based owner and operator of seniors care facilities across the United States.

The loan was secured by 54 assisted living properties in 12 states including Iowa, Indiana, Kentucky, Michigan, Nebraska, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Washington and Wisconsin. The new loan structure provides Enlivant with access to growth capital at attractive rates during the 10-year term.

Key’s Healthcare Mortgage Banking Team, led by Carolyn Nazdin and Charlie Shoop, worked in conjunction with Fannie Mae to originate and close the loan in fewer than 60 days.

NorthMarq Capital’s Kansas City office finalizes transactions totaling $13.34M

Kansas City, Kan—Greg Duvall, senior vice president/managing director of NorthMarq Capital’s Kansas City regional office, arranged financing of $13.34  million for Parkway Commons and Peppertree Apartments, two multifamily properties located in Lawrence, Kan.

Peppertree Apartments: This 233 unit housing property, located at 3100 West 22nd Street in Lawrence, Kan., received refinancing of $8.12 million. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Seller/Servicer relationship with Freddie Mac.

Parkway Commons Apartments: This 124 unit partially student-occupied property, located at 3601 Clinton Parkway in Lawrence, Kan., received $5.25 million in acquisition financing. The transaction was structured with a seven-year term with one-year interest-only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Seller/Servicer relationship with Freddie Mac.

Comments

Post a Comment

Popular posts from this blog

Rent control rumored to be driving apartment sales | News

Mountain View's rent- control program has already survived political and legal trials -- but what about the business test? An increasing number of apartment owners appear to be cashing out rather than working under the new restrictions. If the trend continues, some say it will lead to a cascade of redevelopment spearheaded by large corporate buyers . This scenario would result in older apartments being phased out and replaced with new housing that is exempt from rent control. Those looking at the data with a more critical eye point out that sales of apartment buildings are up throughout the South Bay, and that the number of buyers indicates a healthy interest in investing in Mountain View housing , regardless of rent control. To take one example, Fremont residents Ann and Paul Lethers decided in June to sell their 18-unit complex on Del Medio Avenue in Mountain View, which they created from separate purchases of two adjacent nine-unit buildings. They say they had to m
Read more

15 must-see attractions on Staten Island

Image
With major developments underway , Staten Island is slowly losing its nickname as the “forgotten borough.” While projects like the New York Wheel, Empire Outlets and the expansion of the former Stapleton homeport hope to revitalize the water-front borough with new residential and commercial space, Staten Island already offers visitors a ton of unique attractions to explore. Just take the free Staten Island Ferry to discover the miles of coastline and 12,300-acres of parkland in the city’s greenest and least populated borough. For the best spots in the borough, follow 6sqft’s list ahead of the 15 most unforgettable attractions on Staten Island . snug harbor cultural center , staten island attractions" width="1500" height="1000" /> Image via NYC & Company snug harbor cultural center , staten island attractions" width="1500" height="1000" /> New York Chinese Scholar ’s Garden via NYC & Company 1. Snug Harbor Cultural
Read more

ENG II FINAL EXAM REVIEW 2017

Unformatted text preview: English II Honors Final Exam Review Part One: Things Fall Apart 1. What is the name of Okonkwo’s motherland? 2. What holy animal does Okonkwo’s clan suspect the Christians have killed and eaten? 3. What is the name of the first missionary who comes to Umuofia? 4. How many villages does Umuofia comprise? 5. Whom did Okonkwo beat in his legendary wrestling match? 6. In what country does Things Fall Apart take place? 7. What do the inhabitants of Mbanta believe is responsible for the white man’s miraculous survival after having built his church in the Evil Forest? 8. What is an ogbanje? 9. What does Okonkwo constantly wish Ezinma had been? 10. What does a palm tapper tap? 11. For what reason is Okonkwo exiled? 12. What are the outcasts required to do before they may join the church? Identify the speaker of each quote 26. “It’s true that a child belongs to its father, but when a father beats his child, it seeks sympathy in its mother’s hut. A man belongs to his fa
Read more