Experience
Represented a Nonprofit in its Acquisition of Multiple Properties
We represented American Eagle LifeCare Corporation, a nonprofit corporation that previously owned and operated several senior living facilities, in connection with the acquisition of 17 facilities in eight states. The acquisition was financed from the proceeds of several series of tax-exempt and taxable bonds issued by the Capital Trust Agency, a Florida issuer with the authority to issue bonds to finance projects in multiple jurisdictions. The acquisition presented numerous complicated issues that needed to be addressed, including regulatory, real estate, and business negotiation matters, along with the complexity of completing the acquisition across eight jurisdictions. The financing itself was highly-structured and sophisticated, comprising of 18 borrowing entities organized as an obligated group under a master trust indenture. The acquisition was the largest transaction completed by this client and positions American Eagle LifeCare Corporation to be a significant provider of senior living services in the future.
Nursing Home Sale
Nursing Home Sale
Property Acquisition and Bond Financing
HUD Section 236 Decoupling
HUD Special Programs
HUD Transfer of Physical Assets Transactions
Represented NCJC Housing & Development Foundation in the negotiation and closing of the Transfer of Physical Assets of Jaycee Manor Apartments, a multifamily apartment complex located in Martin’s Ferry, Ohio.
Property Acquisitions and OHFA Preservation Loans
Property Sale
USDA Rural Development Lending
Property Acquisition and Construction Projects
Represented a national financial institution in the multiple transactions, including over $9.2 million in acquisitions and $5.3 million in construction projects for projects located throughout Ohio, including in Reynoldsburg, West Chester, Canton, Evendale, Grove City and Upper Arlington.
Property Acquisition and Financing
Property Acquisitions
Represented a local school board in the acquisition of a $1,300,000 property for its school expansion.
Represented a nursing care provider in the acquisition of 5.2336 acres of real property and the construction of a $5,800,000 skilled nursing home located in Washington C.H., Ohio.
HUD Section 231 and Section 202 Financing
FHA/HUD Financing under the LEAN Program
FHA/HUD Financing Under the LEAN Program
Represented Meadow Wind Associates, L.P. in the FHA/HUD LEAN Program financing in the amount of $1,575,000 for a skilled nursing facility located in Massillon, Ohio.
FHA/HUD Financing Under the LEAN Program
Represented a nursing care provider in the FHA/HUD LEAN Program financing in the amount of $7,464,000 for a skilled nursing facility located in Cincinnati, Ohio.
Corporate Counsel
Corporate Counsel
FHA/HUD Financing
Health Care Lending
Represented FirstMerit Bank, N.A. in a $5,775,000 financing of skilled nursing facilities located in Painesville, Ohio.
Health Care Lending
Represented Kendal of Granville in the purchase of $22,010,000 of revenue Refunding and Improvements Bonds, $17,000,000 of construction/mini-perm loan, a $6,500,000 draw loan, a $2,500,000 revolving line of credit and interest rate derivative SWAPs for a skilled nursing and independent care facility located in Granville, Ohio.
HUD Section 202 Financing
FHA/HUD Financing Under the LEAN Program
Represented O’Neill Management and its affiliates in the FHA/HUD LEAN Program financing in the amount of $11,600,000 for a skilled nursing facility located in North Olmstead, Ohio.
Freddie Mac Lending
Health Care Lending
Represented a nursing care provider in multiple financing projects, including $8,000,000 construction financing of a skilled nursing facility located in Beavercreek, Ohio and $8,630,000 construction financing of a skilled nursing facility located in Colerain, Ohio.