“We’re definitely seeing more bridge lending, especially if the owner-operator is proven.
“Community banks across the country are sitting on record sums of cash with nowhere to put it,” he added.
In November, KeyBank Real Estate Capital and Welltower announced a $750 million unitranche loan program that will be active in the seniors housing and skilled nursing spaces.
A native of Lincoln Park, Chicago, Alex has worked as a reporter since graduating from the University of Denver with a journalism degree in 2015, covering the COVID-19 pandemic extensively since the news first broke in March, 2020.