Senior Living Dealbook: Cfg Closes On $121.5m; Bayview Pace Secures $180m C-pace Funding

Financings

CFG closes on $121.5M bridge loan

Capital Funding Group announced it closed on a $121.5 million bridge loan.

The loan will be used to refinance 12 skilled nursing and assisted living facilities, 10 of which are located in Texas with the remaining two located in Maryland, according to a press release.

“Large-scale financings like this require more than capital—they demand precision, expertise, and a bold, agile approach,” Tim Eberhardt, CFG bank chief lending officer, bridge and HUD loans, said in the release. “By bringing multiple assets together under one streamlined structure, we delivered a solution that empowers our client to move forward with confidence.”

Bayview PACE secures $180M C-PACE funding

Bayview PACE has closed on a $180 million in C-PACE financing for the development of Domus Brickell Center, a 35-story condominium project of Miami-based North Development.

The deal is noted to be the largest ground-up C-PACE construction loan to date in South Florida and second-largest nationally, according to a press release.

Upon completion, the project will offer 579 residences ranging in size from studios to two-bedroom units.

Transactions

Blueprint leverages Texas activity for sale

Blueprint was involved in the sale of an assisted living and memory care community in Odessa, Texas.

The 67-unit community was built in 2013 as part of an expansion, according to a press release.

The community was sold to a “value-add regional owner-operator” with a presence in the Dallas-Fort Worth metropolitan area looking to expand its footprint in Texas, the release states.

Blueprint engaged in CCRC sale

Blueprint was engaged to market the sale of a 225-unit continuing care retirement community (CCRC) in St. Louis, Missouri.

The community was experiencing operational challenges at the time of marketing, a press release states.

The community was sold by a “large owner-operator” to a regional owner-operator with an established footprint in Missouri and Illinois, according to the release.

The post Senior Living Dealbook: CFG Closes on $121.5M; Bayview PACE Secures $180M C-PACE Funding appeared first on Senior Housing News.