Berkadia arranges $10.1M for WA facility

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Berkadia Commercial Mortgage, LLC has originated $10.1 million in financing for Mission Healthcare, a skilled nursing facility in Bellevue, WA.

The facility, which has 70 units and 100% occupancy, will now be able to refinance existing debt.

The financing is through the Department of Housing and Urban Development's 232/223(a)(7) program, and Berkadia worked with Careage Inc. to secure the 35-year, fixed-rate financing.