Posts Tagged ‘Senior’
November 14, 2014 | 
Author RED Provides $ 3.85M Balance Sheet Construction Mezzanine Loan for Discovery Senior Living
Columbus, OH (PRWEB) November 11, 2014
RED Capital Partners, LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED CAPITAL GROUP, LLC, recently completed a $ 3.85 million mezzanine balance sheet construction loan to an affiliate of Discovery Senior Living.
Discovery Village at Palm Beach Gardens will be a 120-unit Class A seniors housing community located in Palm Beach Gardens, FL. When complete, the community will include 30 Supervised Independent Living, 60 Assisted Living, and 30 Memory Care units.
The community will include amenities such as dining rooms, game room, club and bar, Bistro and ice cream parlor, pet park, fitness center, heated indoor therapy pool, movie theater, beauty salon, spa, barber shop, craft center, and garden area.
The facility will also host a state-of-the-art Discovery Zone Media Center with cognitive brain fitness technology.
Discovery Senior Living is an award winning, fully integrated, seniors housing development and management company based in Bonita Springs, FL. Discovery operates 14 senior living communities with over 3,500 units and is actively acquiring and developing in Texas and the southern United States.
Richard Hutchinson, President and CFO, Discovery Senior living, stated, “We are excited about continuing our long relationship with RED. Their experienced, thoughtful and creative approach to financing continues to allow Discovery Senior Living to expand its portfolio of world class communities in an efficient and effective manner.”
Kathryn Burton Gray, Senior Managing Director for RED said, “Discovery Senior Living is one of the premier owner/operators in the country. We are pleased that, once again, they chose RED as one of their capital partners.”
James Scribner, Managing Director for RED said, “We are excited to be working with the Discovery team. We have had a great, long-standing relationship with Richard and his team. For this transaction, creativity was essential – being able to work through the complexities of a mezzanine loan takes expertise and creativity. Additionally, our strong relationship with the first mortgage lender, Community & Southern Bank, was instrumental.”
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About RED CAPITAL GROUP, LLC
Recognized for its industry expertise, innovative and comprehensive structures, and consistently high rankings, RED CAPITAL GROUP, LLC has provided over $ 55.3 billion of integrated debt and equity capital since 1990 to the seniors housing and health care, multifamily, affordable, and student housing industries through three operating companies. RED Mortgage Capital, LLC is a leading Fannie Mae DUS® and MAP- and Lean-approved FHA lender with a mortgage servicing portfolio of almost $ 17 billion. RED Capital Markets, LLC (MEMBER FINRA/SIPC) is a leader in the distribution of Fannie Mae and Ginnie Mae Project MBS, and provides structuring, underwriting, placement, and advisory services for tax-exempt and taxable housing and health care bonds. RED Capital Partners, LLC provides proprietary debt and equity solutions, and asset management in a range of forms, including subordinated gap and bridge loans. RED CAPITAL GROUP, LLC is a subsidiary of ORIX USA Corporation.
About ORIX USA Corporation
ORIX USA Corporation is a diversified financial company with approximately $ 6 billion of assets in sectors spanning commercial finance, venture finance, commercial real estate and public finance, as well as $ 25 billion of assets managed for others. Operating subsidiaries include Houlihan Lokey, RED CAPITAL GROUP and Mariner Investment Group. Headquartered in Dallas, Texas, ORIX USA and its subsidiaries have more than 1,400 employees and offices in major cities including New York, Los Angeles, London and Tokyo.
ORIX USA is a wholly owned subsidiary of ORIX Corporation, a Tokyo-based, publicly owned international financial services company with operations in 35 countries worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX USA, visit http://www.orix.com.
DUS® is a registered trademark of Fannie Mae
For more information on
this announcement,
please contact:
Kathryn Burton Gray
Senior Managing Director
RED Mortgage Capital, LLC
+1 949 485-3240
Kburtongray(at)redcapitalgroup(dot)com
James D. Scribner
Managing Director
RED Mortgage Capital, LLC
+1 203 332 7110
jdscribner(at)redcapitalgroup(dot)com
For more information on
RED CAPITAL GROUP, LLC
please contact:
Lisalynne Quinn
Director of Marketing
RED CAPITAL GROUP, LLC
+1 469 385 1434
llquinn(at)redcapitalgroup(dot)com
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NMN Advisors Adds Senior Investor Relations Officer, Janet Meenehan Point, as Managing Director, East Coast
Oakland, CA (PRWEB) July 25, 2014
NMN Advisors, a leading strategic communications firm, today announced the addition of Janet Meenehan Point as Managing Director, East Coast. In this new role, Janet will lead the efforts to expand and enhance the firm’s East Coast practice to support pre-IPO and public companies.
Janet’s 25 years of experience in investor relations and strategic communications spans small to large-cap companies. In addition to her in-house investor relations work, she has served on various executive corporate committees, including strategic planning, finance, communications, diversity, and government relations. Her career includes twelve years with InterDigital, a wireless technology company, where she served as the Executive Vice President, Investor Relations and Communications, among other roles. In addition, her career includes five years as Vice President of Investor Relations for Advanta Corporation and five years in the investor relations group at Fannie Mae. During her roles with her publicly-traded companies, she dramatically expanded both sell-side analyst coverage and institutional ownership. Ms. Point received her MBA from the University of Michigan and her BA in Economics and English from the University of Virginia.
“We are excited to have someone of Janet’s caliber join our team. Janet’s comprehensive in-house communications and investor relations experience will be invaluable for companies looking for senior level strategic support to build or enhance their IR programs. Her broad and deep set of skills align perfectly with NMN Advisors, which offers clients senior level support on a full suite of communications services, including IR counsel, IPO advisory and strategic communications,” stated Nicole Noutsios, Founder of NMN Advisors.
“I am pleased to join a team that has a long history providing companies with strategic counsel, capital markets expertise, and sector knowledge,” commented Point. “My rich history of managing communications programs will be valuable to the firm’s clients, particularly given the increasing number of challenges facing companies. I am pleased to contribute my capital markets experience to the firm and I am eager to build on NMN Advisors’ successful track record.”
The NMN team works together to leverage their varied backgrounds in Wall Street, finance and communications to create IR programs that are customized to clients’ needs. The firm differentiates itself with its senior support, a high-level of customer service, and customized investor relations programs. From tactical deliverables to high-level strategic counsel, the team has the expertise to support companies in any level of complexity, including full-suite investor relations programs, pre-IPO programs, IPO advisory, transaction communications, and crisis communications management.
About NMN Advisors
Founded in 2001, NMN Advisors is a strategic investor relations firm based in the Bay Area with broad experience working with public and private companies. Our firm is comprised of senior-level professionals with in-depth expertise in all facets of financial communications, including pre-IPO programs, IPO advisory, transaction communications and crisis communications management. NMN Advisors offers expert counsel to our clients, ensuring credible and consistent communications to Wall Street. By combining senior consultants with deep and broad experience, a high-level of service and strong Wall Street relationships, we create an unmatched value for our clients and their shareholders.
To learn more, visit http://www.nmnadvisors.com or follow us on Twitter @NMN_Advisors.
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Contact:
Nicole Noutsios
nicole@nmnadvisors.com
510-315-1003
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.