Aaron Becker of Lancaster Pollard refinanced a portfolio of six skilled nursing/rehab facilities located throughout Connecticut (5) and Rhode Island (1), with the help of HUD. The borrower is Apple Rehab, a CT-based provider of short-term rehab services with 25 locations. For the six facilities (which total 517 beds), Apple received six loans totaling $40.7 million, all with 30-year terms and low, fixed interest rates. The refinancing provides significant debt service savings and increases Apple’s replacement reserves.
Becker serves up refinancing
