HJ Sims Successfully Completes $115 Million All Bank Tax-Exempt Financing for New Satellite Campus and Refinancing for Phoebe Ministries, a not-for-profit, multi-facility, Pennsylvania-based organization specializing in healthcare, housing, and support services for older adults.
Continue readingSenior Living Portfolio in Florida
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingAsbury Maryland (May 2022)
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingPhoebe Ministries (May 2022)
HJ Sims Successfully Completes $115 Million All Bank Tax-Exempt Financing for New Satellite Campus and Refinancing for Phoebe Ministries, a not-for-profit, multi-facility, Pennsylvania-based organization specializing in healthcare, housing, and support services for older adults.
Continue readingFirst Community Village (March 2022)
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingToby and Leon Cooperman Sinai Residences of Boca Raton (March 2022)
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingBenchmark V Series IV and Benchmark VI Series III (January 2022)
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingEvenglow Lodge (March 2022)
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingKing’sBridge Retirement Center (March 2022)
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingAssisted Living and Memory Care Community in the Mountain West (January 2022)
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingJohn Knox Village of Florida (December 2021)
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingMease Life (December 2021)
HJ Sims Partners with Mease Life, a Life Plan Community located in Dunedin, Florida, to successfully complete turnaround financing for the community, which offers both rental and Type C contracts, and consists of 185 independent living units, 104 assisted living units, 32 memory care units, and 62 skilled nursing beds,
Continue readingLoomis Communities (December 2021)
HJ Sims Underwrites Combination of Current and Forward Delivery Bonds, Locking-In Debt Service Savings and Interest Rates for Future Capital Improvements for Loomis Communities, a multi-campus senior living organization in Massachusetts.
Continue readingBenedictine Catholic Residential Services (December 2021)
HJ Sims generates significant debt service savings for Benedictine Health System affiliate, Catholic Residential Services, a senior living community consisting of two assisted living and skilled nursing communities located in Wisconsin.
Continue readingWesley Woods of Newnan – Peachtree City (December 2021)
HJ Sims Partners with Wesley Woods of Newnan – Peachtree City, a continuing care retirement community located in Newnan, Georgia, to Refinance Outstanding Bonds and Improve Covenants.
Continue readingBible Fellowship Community (December 2021)
HJ Sims successfully completes $25.1 million Cinderella refinancing with 15-year Bank Commitment for Bible Fellowship Community, a not-for-profit life plan community, located on 46 rural acres in Whitehall, Pennsylvania.
Continue readingPending LIBOR Replacement
LIBOR, which has been the primary index upon which Senior Living Bank Loans and Swaps have been denominated in new and existing financings, is to be discontinued and as such a replacement index is needed. Borrowers should consider the use of an alternate index, and this piece provides expertise on the pending LIBOR replacement as a consideration for senior living organizations.
Continue readingPlantation Village (November 2021)
HJ Sims Partners with Plantation Village, a life plan community, which opened in 1988 in Wilmington, North Carolina, to Facilitate Approximately $65 Million Hybrid Expansion Financing involving Short-Term and Intermediate-Term Draw Down Bank Debt and Long-Term Fixed Rate Bonds.
Continue readingSouthwest Skilled Nursing Borrower (October 2021)
A newly formed venture was under contract to acquire a highly occupied skilled nursing community in the Southwest. The Borrower’s ownership team combined the strength of an experienced local executive management team with a nationally recognized skilled nursing owner and operator.
Continue readingGood Shepherd Village at Endwell (December 2021)
HJ Sims Partners with Good Shepherd Village at Endwell to Refinance Bank-Held Bonds and Provide Funds for Community Improvements. Good Shepherd Village at Endwell, Inc. is a fee-for-service continuing care retirement community located in Endwell, New York approximately 8 miles west of Binghamton consisting of 74 independent living cottages, 80 independent living apartments, 16 assisted living units, 16 memory care units and 32 skilled nursing beds.
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