Berkadia Secures $13M in Financing for Skilled Nursing Facility in Eagles Pass, Texas
Eagles Pass, Texas – November 11, 2024 – Berkadia announced today the financing of a 104-bed skilled nursing facility in Eagles Pass, Texas. Managing Director Jay Healy of Berkadia Seniors Housing & Healthcare closed a $13 million bridge-to-HUD loan for a Fort Worth, Texas-based owner and operator of nursing homes.
The 18-month, interest-only bridge loan covered 100% of the cost to purchase the leased fee interest of the skilled nursing facility. The sponsor has successfully operated the property since 2019, and it is anticipated that Berkadia will close the subsequent HUD refinance in the first half of 2025.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for even the most complex active adult, independent living, assisted living, memory care and skilled nursing projects across the country. In addition to deep market knowledge, the group offers a full set of investment sales, advisory, underwriting, loan origination services and products including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.