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MOORE COUNTY, N.C. — Berkadia has arranged a $12.5 million HUD-insured loan for the refinancing of a skilled nursing property located in Moore County, North Carolina.
Built in 1992, the facility totals 144 beds.
The borrower has operated the property since 2019. In 2024, the borrower exercised an option from the original lease to acquire the leased fee interest in the community. The new loan will be used to retire all acquisition-related financing.
Jay Healy and Andrew Lanzaro of Berkadia secured the financing on behalf of the borrower.