Capital One has provided a $9.3 million fixed-rate, HUD 232/223(f) loan to refinance a 112-bed skilled nursing facility in Waukegan, IL.
DOJ approval of $1.2 million deal ends case of owner who used nursing homes as ‘piggy banks’
By
Tim Mullaney
Mar 24, 2014
Federal authorities have agreed to a $1.2 million settlement that would bring a long and complex case of nursing home embezzlement to a close, according to news reports from Rhode Island.
Capital One announces multiple deals
Feb 22, 2017
Capital One has provided a $16.8 million fixed-rate HUD 232/223 (f) loan to refinance a 272-bed skilled nursing facility in Joliet, IL.
Cambridge Reality arranges $6.5 million HUD Lean loan
By
John O'Connor
Sep 03, 2014
Cambridge Realty Capital Companies has arranged a $6.56 million HUD Lean loan to refinance Morris Senior Living, a 76-bed assisted living facility located in Morris, IL.
Former nursing home executive convicted of embezzlement agrees to $1.2 million settlement in bankruptcy...
By
Tim Mullaney
Nov 05, 2013
A nursing home executive convicted of embezzling millions of dollars from publicly financed facilities has agreed to pay $1.2 million to the federal government to settle claims, through a deal worked out...
Capital One announces $7.3M loan for Detroit SNF
Nov 25, 2014
Capital One Multifamily Finance announced a $7.3 million fixed-rate, HUD 232/223(f) loan to refinance a 176-bed skilled nursing facility in Detroit.
Berkadia funds SNF portfolio in Arkansas
May 01, 2013
Berkadia Commercial Mortgage LLC announced it has originated $59.8 million through the U.S. Department of Housing and Urban Development’s (HUD) 232/223(a)(7) program to refinance a portfolio of 12...
Greystone to take over chain following large-scale default
By
Danielle Brown
Feb 02, 2020
New York real estate finance firm Greystone will assume control of a group of nursing homes following a record-setting nursing home mortgage default.
SNF bought through bridge-to-HUD loan
Jul 27, 2016
A $19.1 million bridge-to-HUD loan for Hudson Pointe Nursing and Rehabilitation, and a $3 million working capital loan to finance operations was announced by Capital Funding Group.
$1M penalty approved after record $146M nursing home mortgage default
By
Danielle Brown
Aug 19, 2019
A judge has approved a nearly $1 million penalty for the former leader of a nursing home chain after the company defaulted on $146 million in loans — the biggest default in the HUD federal mortgage insurance...