REIT refinances 3 SNFs
Strawberry Fields REIT announced this week it had closed three HUD guaranteed loans on refinances of skilled nursing facilities in Tennessee.
The loan total was $27.2 million, and the new lender was Capital One Multifamily.
The properties were Lakebridge, a 109-bed SNF in Johnson City, The Waters at Smyrna, a 91-bed SNF in Smyrna, and The Waters of Shelbyville, a 96-bed facility in Shelbyville.
Strawberry Fields owns 57 facilities located in Illinois, Indiana, Ohio, Texas, Michigan Tennessee, Kentucky and Oklahoma.