Live Oak Arranges $16.1M Loan for Utah-Based Skilled Nursing Owner-Operator

UTAH — Live Oak Bank has arranged a $16.1 million loan for a Utah-based owner and operator of nursing homes.

Berkadia Commercial Mortgage’s Seniors Housing & Healthcare Group assisted on the transaction. This financing provided bridge-to-HUD debt for a 38-bed transitional care skilled nursing facility that opened in 2019 and caters to individuals in need of short-term rehabilitation.