Housing & Healthcare Finance has closed its largest single-asset skilled nursing facility loan ever completed by the U.S. Department of Housing and Urban Development, the firm said.
The $80.7 million 232/223(f) HUD loan refinanced the debt at The The Riverside Premier Rehabilitation & Healing Center, a 520-bed skilled nursing facility in Manhattan.
The borrower received a low interest rate on its 30-year loan.
HHC Finance also announced a $8.6 million HUD loan for a 236-bed SNF in Tampa, FL, and an $8 million HUD loan for an 118-unit assisted living community in Rochester, NY. That facility was originally a SNF that failed and is being converted into low- to middle-income assisted living by its new owner.
HHS Finance closes largest-ever SNF loan
Housing & Healthcare FInance has closed its largest single-asset skilled nursing facility loan ever completed by the U.S. Department of Housing and Urban Development, the firm said.
The $80.7 million 232/223(f) HUD loan refinanced the debt at The The Riverside Premier Rehabilitation & Healing Center, a 520-bed skilled nursing facility in Manhattan.
The borrower received a low interest rate on its 30-year loan.
HHC Finance also announced a $8.6 million HUD loan for a 236-bed SNF in Tampa, FL, and an $8 million HUD loan for an 118-unit assisted living community in Rochester, NY. That facility was originally a SNF that failed and is being converted into low- to middle-income assisted living by its new owner.
