ILLINOIS and NEW JERSEY — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a total of $60 million in HUD financing for a portfolio of skilled nursing facilities in Illinois and New Jersey.
In the first loan, Harborview arranged $7 million in financing for a 96-bed skilled nursing facility in Lake County, Illinois. The non-recourse loan features a 35-year amortization. Ephraim Kutner and Jonathan Kutner originated the transaction.
Harborview also placed $53 million in HUD refinancings for multiple skilled nursing facilities totaling more than 450 beds in Illinois and New Jersey. Gershon Yarmush, Harborview’s chief credit officer, led the initiative on behalf of the borrowers.
The names of the borrowers and facilities were not disclosed.