216.401.2633
The NIC Spring Conference will be held in San Diego, CA on February 20-22, 2019 at the Hilton Bayfront Hotel. Capital Pointe Advisors welcomes the opportunity to meet with you and your team to discuss how we can provide value to your operation. Please contact Nancy Herman to schedule a time at:
herman@capitalpointeadvisors.com
(216) 401-2633
Capital Pointe Advisors is pleased to announce the closing of a $78,025,000 Skilled Nursing Portfolio financing. The complex structure involved several components, including: the refinance of existing debt, $10,000,000 in construction/expansion funds, $6,500,000 in acquisition financing and an operating line of credit (no borrowing base requirement).
All fees and transaction costs were included in the financing and the Client realized equity proceeds at closing.
The transaction was attractively priced at L+235bps, with a swap rate of 3.80%, a 7-year term with 25-year amortization, 50bps bank fee and a simple fixed charge covenant structure.
Capital Pointe was instrumental in structuring the overall transaction, securing a lead bank, and bringing participants to the table, resulting in lower syndication/arrangement fees for our Client.
Please contact Nancy Herman or Keith Baron for additional information:
herman@capitalpointeadvisors.com
(216) 401-2633
baron@capitalpointeadvisors.com
(216) 403-8673
The NIC Spring Investment Forum will be held in San Diego, CA on March 22nd – 24th 2017. Capital Pointe Advisors welcomes the opportunity to meet with you and your team to discuss how we can provide value to your operation. Please contact Nancy Herman to schedule a time at:
herman@capitalpointeadvisors.com
(216) 401-2633
The NIC Spring Investment Forum will be held in Dallas, TX on March 9th-11th, 2016. Capital Pointe Advisors welcomes the opportunity to meet with you and your team to discuss how we can provide value to your operation. Please contact Nancy Herman to schedule a time at:
herman@capitalpointeadvisors.com
(216) 401-2633
With the rash of bank acquisitions/consolidations, the Midwest and Ohio markets are losing valuable capital resources. The following consolidations have either occurred or scheduled to occur in 2016:
With change comes uncertainty. Will the new bank offer the same platform? Will you remain a valued client? Will the bankers you have a relationship with make it through the transition? In some cases, both the banks may have exposure with a client, which may result in the successor bank having outstanding loan balances above their threshold.
Perhaps you are midway through a transaction with bank who is being acquired – is there now new risk associated with closing? Will you be satisfied with the relationship you envisioned, that will now be with the new bank, post-closing?
Capital Pointe is currently working with several clients that now need to change course. The good news is that Capital Pointe has a deep network of capital resources and we can work quickly to help you assess your situation, and bring alternative solutions to the table. Our network of banks are seeking financing opportunities for development/construction, refinancing, acquisition, bridge-to-HUD, recapitalization, and AR lines. Capital Pointe handles transactions ranging from $5MM – $150MM+. On the larger transactions, we bring both the lead bank and participant banks to the transaction, saving our clients syndication fees.
Capital Pointe has an extensive track record with proven results. Please feel free to reach out to discuss your financing needs or concerns.
An improving economy has resulted in a stronger senior housing industry and likely will drive demand in 2016.
The Federal Reserve is raising interest rates for the 1st time since the financial crisis and Great Recession. During the long buildup of anticipation, you probably heard a lot about the negative consequences of a rate hike — namely, higher borrowing costs. But it’s not all bad. Economists agree that a move to higher ground for interest rates brings some unintended benefits.
U.S. Rep. Mark Walker (R-NC) filed legislation on October 20th to exclude nursing homes that receive an overall quality rating of 2 stars or less out of a possible 5 stars for 30 consecutive months from any future mortgages guaranteed by HUD.
The average skilled nursing facility cap rate fell 60 basis points from 12.4% in 2014 to 11.8% in the four quarters ending Q3:15.
The U.S. Federal Reserve kept interest rates unchanged on Thursday in a nod to concerns about a weak world economy, but left open the possibility of a modest policy tightening later this year.