FORT WORTH, Texas — Berkadia has secured $39.7 million in financing across two transactions to fund the acquisition of three skilled nursing facilities located in Texas.
The borrower is a Fort Worth-based owner and operator that previously operated the facilities on a triple-net-lease basis.
Totaling $31.4 million, the first transaction was a bridge loan for the acquisition of two of the facilities, which together comprise 246 beds. The properties include a facility in Lufkin, built in 2002, and a facility in Bellmead, constructed in 2010. The buyer has operated the facilities since 2006 and 2021, respectively.
The second transaction was an $8.3 million bridge loan to support the acquisition of an 80-bed skilled nursing property in Mexia. Delivered in 2017, the facility has been operated by the buyer since its opening.
Berkadia expects to complete HUD 232/223(f) refinancings of the loans in the second half of 2026.