Ziegler Closes $ 80 Million Funding; Multiple transactions closed by CIBC


Specialty investment bank Ziegler announced the closing of $ 80 million in Series 2021 bonds for a Florida nonprofit in Winter Park, 10 miles from downtown Orlando.

The community has 60 skilled nursing beds.

The agreement marks the second phase of a two-phase repositioning of the campus. The first phase was funded in November, with Series 2020A bonds of $ 60,135,000, and consisted of a new healthcare facility comprising 24 private memory care suites and 60 private specialty nursing rooms.

The second phase will include the construction of 50 new independent housing units, a pavilion and the renovation of specialized care beds which will be converted into 21 assisted living units.

CIBC announces several SNF agreements

CIBC Bank USA has entered into a $ 1.2 million capital structure loan as part of a $ 12.4 million acquisition for a 100-bed specialty nursing facility in Southern California.

Five-year loans have been provided as part of the deal, as the facility’s historic occupancy rate has been around 85% with EBITDAR margins in the double digits. The facility had been rented by the buyer for 10 years.

CIBC also announced a $ 10 million cash refinancing for a 100-bed SNF in Ohio, which was purchased by a local owner-operator. The occupancy rate of the facility was around 90% with EBITDAR margins in the mid-teens. In addition to the five-year mortgage loan, a $ 1 million revolving line of credit has been provided for working capital.

CIBC also provided the same borrower with $ 5 million in financing for the acquisition of a 75-bed SNF in Ohio.

Cambridge Realty Capital Companies Offers $ 12 Million Refinancing

Cambridge Realty Capital Companies has provided a loan of $ 12,722,300 to the Department of Housing and Urban Development to refinance a 249-bed SNF in Cicero, Illinois.

The fully amortized 35-year loan for the facility, Alden Town Manor, will be used to refinance existing HUD loans.

Agreement for a 96-bed establishment closed by a plan

Blueprint Healthcare Real Estate assisted in the sale of a 96-bed SNF located in central Missouri, 45 minutes north of Columbia.

Valley View Health & Rehabilitation represented a geographic outlier for the owner, a real estate investment trust, which has other locations in the state more concentrated in and around large metropolitan areas.

Blueprint received several competitive offers from domestic and foreign investors and operators in less than three weeks.

An owner-operator based on the East Coast, new to the field of skilled nursing, was ultimately selected.

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