CONNECTICUT — Carnegie Capital has arranged an $8 million refinancing for a 90-bed skilled nursing facility in Connecticut.
The loan includes funding for a capital expenditure project that will add 10 assisted living beds at the community. Further details on the name and location of the facility, as well as the lender, were not disclosed.
JD Stettin of Carnegie Capital sourced and structured the loan with a rate of approximately 5.5 percent with a five-year term and flexible exit. The transaction represents a loan-to-value ratio of 75 percent.