MONTREAL — Harborview Capital Partners has arranged a $47.6 million loan for Montreal-based The Rosdev Group to purchase an 11-property skilled nursing and memory care portfolio throughout the U.S.
The portfolio includes seven skilled nursing facilities and one memory care community in Texas, a memory care facility in Connecticut and one skilled nursing facility each in Kansas and Missouri. In total, the portfolio contains 1,498 beds.
Harborview’s Avis Begun, senior originator, along with Ephraim Kutner and Jonathan Kutner, principals, originated the transaction. David Nussbaum, director of capital markets, negotiated the terms.
Of the total loan, $6 million is earmarked for capital expenditures. Three bank loans with LIBOR-based interest rates provided the capital.
Harborview Capital Partners is a commercial real estate finance firm based in Lawrence, N.Y.