Charleston, South Carolina – May 4, 2026 – Berkadia announced that earlier this month, Managing Director Jay Healy and Director Andrew Lanzaro of Berkadia Seniors Housing & Healthcare closed two loans totaling $13.5 million on behalf of repeat Berkadia clients.
In the first transaction, the team used Berkadia’s balance sheet to provide a $7.9 million loan to a Fort Worth-based owner/operator, enabling it to exercise a purchase option on an 80-bed skilled nursing community in Robertson County, Texas. The sponsor has operated the property since it opened in 2015 and negotiated the purchase option in 2017. Loan proceeds covered 90% of the acquisition cost, with the option now in the money due to the community’s strong operating performance and an improved Medicaid reimbursement environment in Texas. The financing features an 18-month interest-only term with one six-month extension and is being processed for a refinance through HUD’s 232/223(f) program.
The second transaction was a $5.6 million HUD 232/223(f) refinance for a 56-bed skilled nursing facility in Okanogan County, Washington, on behalf of a Bellevue-based owner/operator. Originally developed as a memory care community in 1999, the property was converted to skilled nursing following the sponsor’s 2010 acquisition, which also included a 10,000 SF addition. The facility holds a 5-star Medicare.gov rating. Loan proceeds were used to refinance existing senior debt and reimburse the owners for working capital invested during pandemic-related operational disruptions. The loan has a fully amortizing 35-year term.
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. With deep market knowledge, Berkadia Seniors Housing & Healthcare offers a full set of capital markets advisory, underwriting, loan origination services and products including FHA/HUD, Fannie Mae, Freddie Mac, Life Company, and Proprietary Bridge Lending.