OHIO, MICHIGAN and WISCONSIN — Lument has provided $87 million in HUD 232/223(f) loans for the refinancing of a portfolio of nine skilled nursing facilities located in Ohio, Michigan and Wisconsin.
The properties total 691 beds. The operator, Atrium Centers Inc., provides short-term, post-acute rehabilitation and long-term nursing care. Each of the nine loans features a fixed interest rate.
HUD 232/223(f) loans allow for the purchase or refinancing of nursing homes and assisted living facilities.
The post Lument Provides $87M in HUD-Insured Loans for Refinancing of Midwest Skilled Nursing Portfolio appeared first on Seniors Housing Business.
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