Capital One announces $7.3M loan for Detroit SNF

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Capital One Multifamily Finance announced a $7.3 million fixed-rate, HUD 232/223(f) loan to refinance a 176-bed skilled nursing facility in Detroit.

This is the second HUD-insured project that the borrowers, specialists in skilled nursing facilities, have closed with Capital One. The facility has 90 units, and the investors said they have worked since 2010 to make it more appealing to Medicare beneficiaries.

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