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
  • Advertise
  • Real Estate Awards
  • Login/Register
MichiganSeniors Housing

Capital One closes $17 million refinance of Michigan seniors community

October 9, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Capital One has provided a 35-year, fixed-rate $17.1 million HUD 232/223(f) loan to refinance a 104-unit skilled nursing facility in Romeo, Michigan, in the northern suburbs of Detroit.

The refinancing was conducted under HUD’s 232/223(f) program, allowing the borrower to refinance existing bank debt as well as partnership debt. Senior vice president Joshua Rosen originated the transaction for a repeat Capital One customer.

Built in 2014, the facility is designed to provide high standards of care and patient satisfaction. It features large state-of-the-art therapy areas catering to Medicare and Managed Care residents and abundant common areas, including a bistro selling Starbucks products. Each resident room has a full bath with roll-in shower. Nurses collect patient data using mobile workstations.

Tags
Capital OneDetroitMichiganRomeoseniors housing
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MichiganCRE

Detroit’s ICONIC adds associate

March 8, 2021
MissouriMultifamily

CBRE closes sale of 301-unit apartment property in Kansas City

March 8, 2021
TexasCRE

Cushman & Wakefield names managing principal in Houston office

March 8, 2021
KentuckyCRE

Every property has a story to tell: Menish doesn’t let pandemic stop him from reaching his entrepreneurial dreams

Dan RafterMarch 8, 2021

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
  • Advertise
  • Office Locations
© 2021 REjournals.com