Capital One Provides $10.3M HUD Refinancing for Two Skilled Nursing Facilities in Illinois

by Jeff Shaw

CARBONDALE and ANNA, Ill. — Capital One has provided two fixed-rate, HUD 232/223(f) loans totaling $10.3 million to refinance a 70-bed skilled nursing facility in Anna and a 131-bed skilled nursing facility in Carbondale. The names of the facilities were not disclosed.

The borrower is a skilled nursing specialist with a portfolio of properties in Illinois and Indiana.

The Carbondale facility accounted for $4.4 million of the financing. It was originally constructed in 1965, with an addition built in 1971. The facility in Anna accounted for $5.9 million of the financing. The facility was built in 1974 and received an addition two years later.

Capital One’s Joshua Rosen originated the transaction. 

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