Skilled Nursing Portfolio
Overview
| Deal Type |
Bridge FHA |
|---|---|
| Size |
$255.7 Million Acquisition and Value-Add Bridge to FHA |
| Client & Transactional Partners |
Skilled Nursing Portfolio Northwind Group KeyBank Real Estate Capital |
Our Role |
Lead Arranger Administrative Agent |
Summary
KeyBank Real Estate Capital (KBREC) provided a $255.7 million senior secured term loan and Northwind Group provided a $69 million mezzanine loan to finance the acquisition of 21 skilled nursing and assisted living facilities, located in New Jersey, Delaware, Pennsylvania and West Virginia. The financing serves as a bridge to a Federal Housing Authority (FHA) take-out, the targeted long-term financing structure.
