Strawberry Fields REIT Receives $4.4M HUD Refinancing for Skilled Nursing Facility in Indiana

SCOTTSBURG, Ind. — Strawberry Fields REIT LLC has received a $4.4 million HUD loan to refinance The Waters of Scottsburg, a 99-bed skilled nursing facility in Scottsburg, approximately 30 miles north of Louisville, Ky.

Strawberry Fields acquired the property in 2014. It is currently 69 percent occupied following a capital improvement and marketing strategy plan by the owner.

The new loan has a 35-year term with a fixed interest rate.

Strawberry Fields is an owner and lessor of nursing homes, long-term acute care hospitals and medical office buildings in the Midwest and South. The investor owns 57 facilities in Illinois, Indiana, Ohio, Texas, Michigan, Tennessee, Kentucky and Oklahoma.

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