Capital One provides $6.8 million loan

Capital One announced today that it has provided a $6.8 million fixed-rate, HUD 232/223(f) loan to refinance a 134-bed skilled nursing facility in northern Illinois.

The 35-year term loan originated from the Chicago office through Senior Vice President Joshua Rosen. The client had turned to the 232/223(f) program several times in recent years, he said.

“For investors in skilled nursing properties, the 232/223(f) program is a valuable tool,” he said.

The property has two standalone buildings on two tax parcels that have been zoned as one parcel with a single special use permit.