Beech Street Capital, LLC in August closed $55.3 million in FHA 232/223(a)(7) loans to refinance a portfolio of eight skilled-nursing facilities in various locations in Indiana.
Joshua Rosen, executive vice president of Beech Street Capital originated the transaction from the company’s Chicago office.
The borrower, Infinity Healthcare Management, LLC, requested to refinance all eight assets simultaneously and in a specific time frame. Beech Street was able to close the deals in about 30 days after receiving firm commitments.
The portfolio consists of 808 total beds. The fixed-rate loans have either a 30-year or 25-year term.
