RED Arranges $3.5M FHA Loan for Skilled Nursing Facility in Ohio

by Jeff Shaw

POLAND, Ohio — RED Mortgage Capital, the mortgage banking arm of RED Capital Group LLC, has arranged a $3.5M FHA 232/241(a) loan for Woodlands at Hampton Woods, a skilled nursing and assisted living facility located in Poland, along the eastern border with Pennsylvania.

The loan will fund the addition of a new skilled nursing building to the existing 121-bed campus. The project, called The Rehabilitation Center at Hampton Woods, will include 26 private beds designed for short-term rehabilitation care and a 5,000-square-foot therapy gym.

Hampton Woods built its original 70-bed skilled nursing building in 2006, followed by the opening of its 51-bed assisted living facility in 2010.

The project is owned and operated by affiliates of Woodland LLC, a locally owned operator.

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