July 9, 2021
National Center for Assisted Living’s (NCAL) Executive Director Scott Tittle announced that he will be leaving NCAL this summer and joining VIUM Capital. Tittle will be a Managing Director and serve as the firm’s Head of Government Relations and External Affairs. VIUM, a national lender serving the seniors housing and healthcare space, launched just over a year ago. The company provides bank-bridge capital and permanent financing through FHA/HUD, FNMA and Freddie backed loans, among other products. VIUM has already closed nearly $1 billion of financing to the sector.
June 30, 2021
“To note mod, or not to note mod; that is the question…” Maybe that’s not exactly what Shakespeare wrote in the Tragedy of Hamlet, but not carefully considering whether or not to proceed with a note modification (also known as a “note mod” or interest rate reduction “IRR”) can be a tragedy for a HUD borrower. As interest rates continue to remain historically low, many borrowers quickly look toward their existing lender to reduce monthly payments of their HUD-insured loan through a note mod, failing to assess the shortfalls of the note modification option and the comparable benefits provided by a HUD 232/223(a)7 refinance (“a7”) or other HUD-related funding alternative. Is resetting your prepayment provisions without re-amortizing your loan or utilizing loan proceeds to fund expenses, all while remaining with your current lender, worth some annual debt service savings?
May 17, 2021
Coming off a record-setting first year with production quickly approaching $1 billion in financing, seniors housing and healthcare lender VIUM Capital doubled-down on its commitment to the sector, announcing that a quartet of prominent industry bankers have joined the firm. Columbus, OH-based Chris Blanda and Brendan Healy, Austin, TX-based Scott Blount, and Boca Raton, FL-based Tony Ruberg have joined VIUM as Senior Managing Directors. The four have a half century of proven production in the industry and previously worked together while closing over $3 billion of seniors housing and healthcare financings.
May 10, 2021
Seniors housing and healthcare lender VIUM Capital celebrated its one year anniversary, posting a remarkable inaugural debut. The firm, led by industry veterans Steve Kennedy and Kass Matt, closed 25 transactions totaling over $750 million in par volume. The closings included funding for 63 separate projects across 17 states from coast to coast, consisting of bridge, FHA/HUD and tax-exempt bond financings.