Berkadia Secures $9.1M in Financing for Skilled Nursing Facility in Warner Robins, Georgia
Charleston, South Carolina – January 21, 2025 – Berkadia, a leader in the commercial real estate industry, announced today that Managing Director Jay Healy and Director Andrew Lanzaro closed a $9.1 million bridge-to-HUD loan on behalf of PruittHealth to facilitate the acquisition of a 66-bed skilled nursing facility located in Warner Robins, Georgia. The building was constructed in 1966 and renovated in 2019 and occupancy at the time of closing was 90%. The deal closed on December 31, 2024.
The 18-month, interest-only bridge loan represented 76.5% of the value and is prepayable at any time. Berkadia anticipates closing the HUD refinance in the third quarter of this year.
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.