OhioFinance KeyBank closes $11 million in financing for Ohio healthcare property October 1, 2019 Share on Facebook Share on Twitter Share on LinkedIn Share via email KeyBank Real Estate Capital has secured $11 million of financing in Federal Housing Authority loans for Foundations Health Solutions, based in North Olmsted, Ohio, to pay down a portion of a bridge loan KeyBank provided that was used to fund the acquisition of nine healthcare properties. The financing is for one of the nine properties – McNaughten Point Nursing and Rehabilitation in Columbus, Ohio. The 150-bed facility was built in 1968 and renovated in 1995 and 2007. Financing for the property was closed using the U.S. Department of Housing and Urban Development’s 232/223(f) mortgage insurance program. To date, KeyBank has closed $47 million of FHA financing for the nine-property portfolio. John Randolph of KBREC’s Commercial Mortgage Group and Henry Alonso and Brandon Taseff of KBREC’s Healthcare Finance team arranged the financing.