 (2).jpg)
News: Front Section
Posted: November 3, 2017
Valencia Realty Capital arranges $13 million financing for Evolve at Rye
Rye, NH Valencia Realty Capital, a provider of flexible, cost-efficient capital for commercial real estate investors and developers, arranged $13 million in financing for the $11 million acquisition of a 40-unit assisted living community, known as Evolve at Rye. The transaction had a total capitalization of $13 million composed of a $10 million senior debt facility coupled with $3 million of equity.
Located at 295 Lafayette Rd., the specialized memory care community was built in 2013 and offers all the modern amenities. This assisted living community is devoted to people with memory disorders, including Alzheimer’s disease and dementia. The single-floor building allows residents to move about freely while living in a secure, caring, and family-friendly environment.
Valencia Realty Capital arranged the senior debt financing with Murfreesboro, Tenn.-based real estate investment trust National Health Investors, Inc. The transaction was executed under a 363 auction sale, which presented extremely tight timing constraints. Ed LaFrance, a long-time industry veteran in seniors housing advisory, also played a key role in arranging the transaction.
“We are excited for the future of the community and its residents under the new ownership,” said Stephen Smeke, managing director of Valencia Realty Capital. “This is a high-quality building in a great location.”
Based in Boston, Valencia Realty Capital arranges flexible, cost-efficient debt capital for commercial real estate borrowers seeking the best terms available in the market. Loan sizes starting at $1 million, Valencia provides tailored capital solutions with competitive terms for all asset classes, including acquisition, repositioning, construction and refinancing.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
