MACON and WARNER ROBINS, Ga. — Texas-based Carnegie Capital has arranged $10 million in financing for the acquisition of skilled nursing facilities in Macon and Warner Robins, both located southeast of Atlanta.
The facilities feature a combined 177 beds. The names of the facilities and borrower were not disclosed.
The acquisition financing is structured as a bridge-to-HUD loan and was financed at 80 percent loan-to-cost ratio. The loan was also structured as interest-only, with no prepayment penalties upon conversion to HUD financing.
JD Stettin of Carnegie Capital arranged the transaction.