Capital One Funds $17.1M HUD Refinancing for Skilled Nursing Facility Near Detroit

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.