CHICAGO, IL — Helios Healthcare Advisors announces its role in arranging the $19,500,000 refinance of The Homestead Senior Living in Rexburg and St. Anthony, ID.
Totaling 143-units across two locations, the refinance was arranged through the HUD 223(f) Healthcare program. Both sites included a combination of Independent, Assisted, and Dementia Care units. Constructed in 2003, the communities underwent subsequent expansions and renovations through 2019.
Despite challenges associated with the COVID-19 pandemic, the communities were stabilized and maintained excellent operating and financial performance. The refinance accomplished retiring the existing debt and securing a 35-year fully amortizing non-recourse loan with a sub-2.5% interest rate.
“The Helios team were experts in foreseeing and mitigating the hurdles associated with this refinance. We enjoyed working with them throughout the entire process and their commitment to proactively communicate and deliver solutions was outstanding”, said Dave Thueson, President of The Homestead Senior Living.
Contact Advisors
Bill Janis
Managing Director
bjanis@helioshca.com
D: 312-492-4676
C: 312-493-9301
Mario Santiago
Managing Director
msantiago@helioshca.com
D: 312-492-4248
C: 312-402-5686
ABOUT HELIOS HEALTHCARE ADVISORS, LLC : Helios is an independent corporate advisory firm that provides strategic and financial advice to middle-market participants in the healthcare sector. Headquartered in Chicago, the firm serves individuals, private enterprises, corporations and financial institutions nationally.
