Capital One Multifamily Finance recently provided $22.6 million in fixed-rate, HUD 232/223(f) loans to refinance three skilled nursing facilities in the Midwest.
The transactions include an $8.7 million loan for a 208-bed facility in Chicago; a $4.6 million loan for a 143-bed facility in Oak Lawn, Ill.; and a $9.3 million loan for a 111-bed facility in Saint Cloud, Minn. All three transactions were closed the last week in September.
The transactions were originated by Joshua Rosen, senior vice president of originations, who leads Capital One’s agency healthcare lending from the company’s Chicago office. The borrower has closed several deals with Capital One Multifamily Finance during the last year and has assembled an extensive portfolio of skilled nursing facilities in the Midwest over the last decade.
