Regency Gresham receives loan
Regency Gresham Nursing and Rehabilitation Center has been granted a $12 million fixed-rate HUD 232/223 (f) loan for refinancing from Capital One.
Regency Gresham is a 128-bed skilled nursing facility located in Gresham, OR, which is east of Portland, OR.
It will use the loan to extend the current renovation program — which converted four-person wards and semiprivate rooms to semiprivate and private rooms — to other areas of the facility. The loan will also help the facility modernize the building's infrastructure, improve common area appearance and enable additional therapy services.