Capital firm arranges SNF refinancing
Harborview Capital Partners, a New York-based finance firm, arranged an $8 million refinancing for The Springs at Crystal Lake, the firm announced last week.
The 97-bed SNF in Crystal Lake, roughly 50 miles northwest of Chicago, is operated by Mark Welder. It was the third loan Harborview closed for Weldler in the last year.
The non-recourse loan was refinanced through HUD's 232/223(f) program at a fixed interest rate for 35 years.