Northwind Portfolio

Overview

Deal Type FHA
Size $82 Million
FHA 232/223(f)
Client & Transactional Partners Northwind Portfolio
Northwind Group
Our Role Lender

Summary

 

KeyBank Real Estate Capital (KBREC) secured four Federal Housing Authority (FHA) loans totaling $82.2 million for the Northwind Group, a New York City-based real estate private equity firm that focuses on residential, commercial and senior living properties. Loan proceeds were used to pay off the remaining balance of a $133 million bridge loan KeyBank provided Northwind to fund the acquisition of eight skilled nursing and assisted living properties. Four of the facilities, located in Ohio and Kentucky, have a total of 534 licensed beds:

  • $16.7 million for the 114-bed Dayspring of Miami Valley in Fairborn, Ohio, built in 1997;
  • $19.4 million for the 140-bed Hillspring of Springboro (Ohio), built in 1999;
  • $22.9 million for the 140-bed Villaspring of Erlanger (Ky.), built in 2000; and
  • $23.2 million for the 140-bed Shawneespring of Harrison (Ohio), built in 2006.

The transactions closed using FHA’s 232/223(f) mortgage insurance program.

“Through a turbulent market, KeyBank provided a seamless bridge to HUD financing on all eight of our Carespring properties in metrics that have outperformed our original underwriting,” said Ran Eliasaf, Managing Partner of Northwind Group. “It was a true pleasure working with Henry, John and the entire KeyBank team, and we look forward to our next transaction with them.”

 

Recent Deals

June 2022


Series D Funding

led by

Morgan Stanley Expansion Capital

$140 Million

Exclusive Financial Advisor

Mergers & Acquisitions

platform-sh
June 2022

the parent company of

AEP Transmission Company, LLC

$550 Million

Senior Notes

Joint Bookrunner

Debt Capital Markets

aep-transmission-company,-llc
May 2022

 

a portfolio company of

has been acquired by

 

Exclusive Sell-Side Advisor

Mergers & Acquisitions

thermogenics-inc-
May 2022

 

Tiburon Place

$53 Million

4% bond LIHTC and State Housing Equity

Construction

tiburon-place
May 2022

 

$500 Million

Senior Secured Credit Facility

Joint Bookrunner
Joint Lead Arranger

Debt Capital Markets

delaware-basin-resources-llc
May 2022

 

Cheshire Station

 

$17.6 Million

Acquisition

Lender

CMBS

cheshire-station
May 2022

ACG Portfolio-Oakland Glen MHC

ACG Portfolio-Clayton Acres MHC

$59.5 Million

Refinance

Lender

Fannie Mae

acg-portfolio
May 2022

 

Stonetown - North Pines

Stonetown - Country Meadows

$82 Million

Acquisition

Lender

Fannie Mae

stonetown-trinity-portfolio
May 2022

Sawgrass Point

$28.5 Million

Refinance

Lender

Fannie Mae

sawgrass-point
May 2022

 

Floorplan Inventory Financing and Commercial Real Estate Lending

Lender

Mergers & Acquisitions

great-falls-subaru
May 2022

a portfolio company of

has acquired

 

$545 Million

Senior Secured Credit Facilities

Administrative Agent
Joint Bookrunner
Left Lead Arranger

Debt Capital Markets

congruex-group-llc
May 2022

 

$2.55 Billion

Senior Secured Credit Facilities

Co-Documentation Agent
Joint Lead Arranger

Debt Capital Markets

penn-national-gaming,-inc-
May 2022

 

$95 Million

Senior Secured Credit Facilities

Administrative Agent
Joint Lead Arranger
Sole Bookrunner

Debt Capital Markets

doyon-limited
April 2022

 

Rego Park II

$11 Million

Refinance

Lender

CMBS

rego-park-ii
April 2022

Festus Gardens

$9.7 Million

Acquisition

Lender

FHA

festus-gardens
April 2022

a portfolio company of

has acquired

 

$2.77 Billion

Senior Secured Credit Facilities

Joint Bookrunner
Joint Lead Arranger

Debt Capital Markets

prince-international-corporation
April 2022

 

Canal 1535

$45 Million

Acquisition

Lender

Fannie Mae

canal-1535
April 2022

Plaza Palmera

$22 Million

Acquisition

Lender

Life Company

plaza-palmera
April 2022

 

$2 Billion

Senior Secured Credit Facility

Co-Syndication Agent
Joint Bookrunner
Joint Lead Arranger

Debt Capital Markets

pennenergy-resources,-llc
April 2022

 

SunTech Commerce Park

$22.5 Million

Acquisition

Lender

Life Company

suntech-commerce-park

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