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Berkadia has announced the financing of La Hacienda de Paz Rehabilitation and Care Center, a 104-bed skilled nursing facility located in Eagle Pass, Texas. The loan was closed by Jay Healy of Berkadia Seniors Housing & Healthcare for Creative Solutions in Health Care, the owner and operator of the facility. Eagle Pass is situated northwest of Laredo near the border with Mexico.
The $13 million bridge-to-HUD loan provided by Berkadia Seniors Housing & Healthcare will cover all costs associated with purchasing the leased fee interest for this property over an 18-month period. The sponsor has been successfully managing this facility since 2019 and it is expected that Berkadia will finalize a subsequent HUD refinance during the first half of 2025.
According to Berkadia Seniors Housing & Healthcare, they have solutions available for even highly complex projects involving active adult communities, independent living facilities, assisted living residences as well as memory care centers and skilled nursing facilities throughout America. This group offers comprehensive services including investment sales support along with advisory services such as underwriting assistance while also providing access to various types of loans like FHA-insured loans from Fannie Mae or Freddie Mac plus life company loans or proprietary bridge lending options along with capital markets advisory services.
This news was originally reported on Connect CRE.
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