Harborview Arranges $29M Acquisition Loan for Skilled Nursing Facility in Upstate New York

UPSTATE NEW YORK — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $29 million in financing for the acquisition of a 236-bed skilled nursing facility in Upstate New York.

No further details on the buyer, seller, name of the facility or location were disclosed.

The loan includes a $24 million acquisition loan provided by a regional lender, a $3.8 million cap ex loan and a $1.3 million line of credit. The acquisition loan features a five-year term, 25-year amortization and interest-only payment period.

The component loan was originated by the firm’s principals, Ephraim Kutner and Jonathan Kutner, and negotiated by David Chiger.