Capital One provides $11 million loan to Michigan facility
Capital One Specialty Healthcare Real Estate, announced it provided an $11.05 million HUD 232/223(f) loan to refinance a 231-bed skilled nursing facility in Michigan.
Capital One secured a 35-year fixed-loan at an “extremely attractive” interest rate.
“The borrower's timeline for the transaction was quite tight,” said Joshua Rosen, who originated the transaction. “By taking an extremely thorough and conservative approach to underwriting, we were able to bypass the appraisal review, and, as a result, were able to deliver the deal with time to spare.”