Senior Housing Business

ST. LOUIS — Senior Care Capital, a healthcare-focused subsidiary of Paradigm Commercial Real Estate, has arranged a $192.5 million credit facility. The borrower is St. Louis-based owner/operator Bravo Holding Company Inc., which will use the money to purchase 16 skilled nursing facilities throughout Illinois and Missouri, as well as the Rosewood Care Center brand under which the facilities currently operate.

The loans, which represent a 92 percent loan-to-cost ratio, are composed of a senior first mortgage of $167.5 million, several tranches of senior and junior mezzanine financing, and a $5 million preferred equity tranche totaling $25 million.

A combination of HUD, mezzanine lenders and a private equity lender provided the capital.

Bravo will use $16.7 million of its own capital toward the purchase, and plans to spend more to improve and rehabilitate the properties.

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Press Release – July 11

On July 25th, 2011, posted in: Latest News by

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Senior Care Capital

On January 24th, 2011, posted in: Latest News, Uncategorized by

Paradigm Commercial Real Estate LLC Is please to announce the formation of its new healthcare finance division; Senior Care Capital.

Senior Care Capital (SCC) was formed as a subsidiary of Paradigm Commercial Real Estate LLC’s (PCRE) commercial real estate advisory services, and will focus exclusively on health care facilities, and age restricted housing.

The formation of SCC is a direct result of the overwhelming demand for the referenced financing, and in light of the very specific nature of the transaction, the need called for a special division.

Like PCRE, SCC will act as intermediaries between the lender and the borrower, and thus will be able to pursue, and procure, the loan best suited for the client and the client’s needs.

Nathan Katz, a Senior VP at PCRE, will be the division head of SCC, and will spearhead its growth and supervise its production. Mr. Katz will maintain the title of 1st Senior VP.

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