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Archive for the News Category

Program Financing: Hamlin Implements a $230 million Multi-Facility Financing Program to Fund Seattle Senior Living Provider Growth

Hamlin Capital Advisors, as TGH’s trusted financial advisor, ran an efficient and focused competitive RFP process to refund TGH’s Series 2006 Bonds with approximately $185 million outstanding, with the goal to put in place low cost 15-year financing with terms and covenants consistent with TGH’s existing fixed rate debt.

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Saving Non-Profit Missions: Hamlin Partners with Not-for-profit to Acquire New York CCRC out of Bankruptcy

Hamlin Capital Advisors, LLC (“HCA”) is pleased to announce the closing of a $30.3 million acquisition bond financing of a bankrupt CCRC, in partnership with Bethel Methodist Home (“Bethel”), headquartered in Westchester, NY. The financing allowed Bethel to preserve the mission of another not-for-profit provider that had been forced to file for bankruptcy protection, and continue to serve their residents.

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Program Financing: Hamlin Creates Dedicated, Customized $400 million Financing Facility for Industry Leading Provider

Hamlin Capital Advisors, LLC (“HCA”) is pleased to announce the closing of a $400 million “FlexCap” financing program for Presbyterian Homes and Services (“PHS”), headquartered in St. Paul, MN. The first tranche under the FlexCap facility was used to fund $49.7 million of draw-down, permanent financing for its Apple Valley senior housing community (“Apple Valley”) a new, start-up PHS community located in the suburbs of Minneapolis.

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Creative Solution Removes Handcuffs to Future Growth

Hamlin Capital Advisors, LLC served as financial advisor on a successful refunding of Hope Notes at a substantial discount via new senior & subordinated bonds purchased by a new lender. The community was able to escape the onerous restrictions imposed by the Hope Notes, and as its financial profile continues to improve, will allow monies to flow from the community to its parent in support of its 501(c)3 mission.

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Hamlin Provides Debt Restructuring Solution

Hamlin Capital Advisors executed a restructuring which resulted in a reduction of debt obligations of approximately 35%, along with funding for a significant capital expenditure reserve for future needs, and a new cottage construction program to jumpstart the IL marketing program. The ownership, governance, and management of the organization were unchanged, and the residents and mission were protected for the future.

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What is Keeping You Up at Night?

There is no doubt we are facing a period of significant change and a vast number of issues. Here are some issues that we think should be “front of the mind” as we confront this new and exciting future for senior housing.

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