In order to better understand how this evolution is impacting operators, and talk about the role that we play as lenders, I recently had a discussion with one of our long-term clients, Naveed Hakim, CFO of Plum Healthcare.
A 318-bed skilled nursing facility in Chicago will be refinanced with the help of a $20.9 million loan from Capital One.
Capital One said it has provided a $5.9 million, 35-year fixed rate HUD loan to refinance a skilled nursing facility in Princeton, IN.
Capital One Multifamily Finance and Freddie Mac have announced Capital One is an approved lender for the Freddie Mac Small Balance Loan offering.
Capital One Financial Corporation has provided a $23.7 million fixed rate HUD 232/223(f) loan to refinance a skilled nursing facility near Chicago.
Capital One Commercial Bank announced it was providing a $34 million credit facility to Rollins-Nelson, which has skilled nursing and assisted living facilities in California.
Capital One served as the agent for a $52 million loan for Evergreen Woods to refinance, the firm said.
Capital One Multifamily Finance has provided $29.1 million in fixed-rate, HUD 232/223(f) loans to refinance four skilled nursing facilities in California, the firm said.
Capital One Multifamily Finance has provided a $5.7 million fixed-rate, HUD 232/223(f) loan to refinance a 144-bed skilled nursing facility.
Capital One Multifamily Finance announced a $7.3 million fixed-rate, HUD 232/223(f) loan to refinance a 176-bed skilled nursing facility in Detroit.
The trust a long-term care organization places in a person to guide and consult on its finances is no less important than the trust the residents have in the operator. A provider must be willing to invest the time to find one who is a good fit, and willing to go the extra mile to help achieve the provider's specific financial goals.