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MARYLAND — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged an $81 million loan for a New Jersey-based seniors housing owner.
A national lending partner provided the funds, which will refinance a portfolio of four skilled nursing facilities and one assisted-living facility in the state of Maryland. The borrower recently acquired the assets.
The financing features a LIBOR-based fixed rate, four-year term, and a credit facility that allowed for a limited-recourse cash out over $20 million.
Ephraim Kutner, Jonathan Kutner and Eli Kutner originated the originated the financing for Harborview. The specific names and locations of the communities were not disclosed.