Hunt Mortgage Group will provide a $27.6 million loan to Senior Living Properties LLC. They will use the loan to refinance eight skilled nursing facilities in Texas.
The loan will allow the company to refinance a temporary loan to permanent fixed rated loans. It will also be used for repairs and improvements.
Senior Living Properties owns and operates 31 skilled nursing facilities in Texas with 841 licensed nursing home beds.
The financing was through the HUD LEAN program. Hunt Mortgage Group is based in New York City.
