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ROMEO, Mich. — Capital One has provided a 35-year, fixed-rate, $17.1 million loan to refinance a 104-unit skilled nursing facility in Romeo, a northern suburb of Detroit.
The refinancing was conducted under HUD’s 232/223(f) program, allowing the borrower to refinance existing bank debt as well as partnership debt. Joshua Rosen originated the transaction for a repeat Capital One customer.
Built in 2014, the facility features large therapy areas catering to Medicare and Managed Care residents.