ROCKY RIVER, Ohio — Berkeley Point Capital has completed three HUD 232/223(f) refinancings for JAG Healthcare Group Inc. The Rocky River-based company will use the loans toward three skilled nursing facilities in Ohio:
- Burbank Parke Care Center ($6 million), an 86-bed facility in Wayne County
- Shelby Pointe ($1.4 million), a 46-bed facility in Richland County
- Galion Pointe ($1 million), a 45-bed facility in Crawford County
The loans are securitized with Ginnie Mae for 30- to 35-year fully amortizing terms at interest rates in the mid 3 percent range.
Frank Cassidy of Berkeley Point Capital led the refinancing out of the company’s Philadelphia office.