GMF Capital Kentucky Skilled Nursing Portfolio
|Client & Transactional Partners||GMF Capital||Our Role||Lender|
KeyBank Real Estate Capital has provided $38.9 million through the FHA 232/223(f) mortgage insurance program to GMF Capital for five skilled nursing facilities located throughout the state of Kentucky. The properties, Magnolia Village, Heartland Villa Center, Edmonson Center, Colonial Center and Bradford Square, total 339 beds.
The non-recourse, first mortgage financing was arranged with fully amortizing loan terms ranging from 30 to 35 years. The new FHA-insured loans refinance an existing KeyBank loan that funded GMF Capital’s acquisition of the properties.