Ventas Closes $35 Million Sale of Samaritan Hospital
Ventas Inc. recently closed on the sale of Samaritan acute care hospital to affiliates of the University of Kentucky for $35 million in an all-cash transaction. The property is located in Lexington, Ky. and is currently operated by the University of Kentucky.
The purchase price represents a 6.8% capitalization rate on cash rent under a
“Ventas has excellent liquidity and balance sheet strength,” Ventas Chairman, President and CEO Debra Cafaro said. “This sale further enhances our strong
Love Funding Secures Loan for
Love Funding today recently secured a $6.2 million loan to refinance two assisted living facilities. Leonard Lucas, first vice president and senior originator of the Boston-based firm originated the transaction.
Lucas represented the owner of the two facilities, which are under long-term
In securing refinancing for the facilities’ existing debt, Lucas worked with the borrower for a year. He helped the borrower explore available financing sources, and eventually, Lucas and the borrower agreed on fixed-rate, five-year bank financing.