Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestCRE

Capital One Bank closes $22M FHA Loan to refinance Illinois skilled nursing facility

Staff Writer April 4, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Capital One Specialty Healthcare Real Estate, part of Capital One Bank’s Commercial Real Estate Group, has provided a $22.0 million HUD 232/223(f) loan to refinance a 304-bed skilled nursing facility in Illinois. The transaction was originated by Senior Vice President of originations Joshua Rosen, who leads Capital One’s agency healthcare lending from the company’s Chicago office.

“In this interest rate environment, a 232/223 (f) loan is a fantastic opportunity,” Rosen says. “This loan has a term of 35 years at an attractive interest rate. In fact, interest rates have been two and three times as high for more than a decade over the past 35 years.” Rosen also noted that 232/223 (f) loans are fully assumable for qualified buyers.

Capital One has provided a series of 232/223 (f) loans to this borrower. “Having worked repeatedly together, we have a solid appreciation for the borrowers’ business model, and they understand HUD’s priorities,” Rosen points out. “The borrowers not only get a great rate. They get a great process.”

Tags
Homepage
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

Lodge Financial closes on cash out refinance to buy out partners on 96-unit apartment building

May 17, 2022
IllinoisCRE

Clear Height Properties names new director of leasing

May 17, 2022
IllinoisIndustrial

Clear Height Properties announces $3.1 million sale of 31,385-square-foot industrial building in Addison 

May 17, 2022
IllinoisCRE

Chicago-based DMG hires new CFO

May 17, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com