13th Floor sells West Delray 55-plus community for $29.3M
13th Floor Investments has sold Solera at Avalon Trails, a newly built 55-plus housing community in West Delray Beach, Florida, to Robbins Property Associates for $29.3 million.
Topic: #SeniorHousing
4 storiesReporting and analysis grouped around #SeniorHousing.
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Growing card and HELOC balances put reverse mortgages back in focus
Rising credit card and home equity line balances are adding pressure for older homeowners, reviving attention on reverse mortgages and their flexible, voluntary payment structure.
Nexus affiliate secures $276 million refinancing for Newport Beach senior housing
A Nexus Development affiliate has refinanced two Newport Beach senior housing communities totaling 395 units, with separate loans from Bank of America and JLL Real Estate Capital.
Texas Mortgage Source identifies reverse lending as a major underserved segment
Mark Hairston and Shara Parker used borrower examples at AIME Fuse in Austin to argue that reverse lending could help access nearly $15 trillion in U.S. home equity held by seniors.