INDIANA — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a financing package to fund the acquisition of two skilled nursing facilities in Indiana.
The package included a $28.5 million nonrecourse bridge-to-HUD loan, featuring a five-year term, one year of interest-only payments and a 25-year amortization schedule. Additionally, Harborview arranged a $2.3 million working capital line to accompany the senior debt.
The two facilities total 230 beds. Further details on the buyer, seller, facility names and facility locations were not disclosed.
Ephraim Kutner and Reuben Knobel negotiated the financing.