Ten (10) Skilled Nursing/Assisted Living Facilities
KeyBank recently closed ten (10) skilled nursing facility transactions for $105 million using the FHA 232/223(f) mortgage insurance program for Trilogy Property Holdings, LLC. Uses of FHA loan proceeds were to paydown two (2) separate KeyBank led syndicated credit facilities. The first credit facility is a term loan structured to provide proceeds to fund an acquisition of nine (9) licensed healthcare facilities. The second facility is senior secured revolving credit facility secured by multiple facilities owned by Trilogy Property Holdings, LLC.