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Texas Nursing Facilities Land $28M in Financing

By Tony Seruga

The loan secured by Hunt Mortgage Group through the HUD LEAN program will be used to refinance eight skilled nursing facilities located in Texas.

Hunt Mortgage Group secured a loan in the total amount of $27.6 million on behalf of Senior Living Properties LLC to refinance eight skilled nursing facilities located throughout Texas. The financing was arranged through the HUD LEAN program and closed with the Fort Worth, Texas HUD office.

Proceeds from the new loans will enable the borrower to refinance a temporary loan to permanent fixed rate loans and provide funds for repairs and improvements of the properties included in the financing…

Texas Nursing Facilities Land $28M in Financing

Categories : Private Equity

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