Hunt Mortgage Group, a subsidiary of Hunt Companies and a commercial real estate lender, has been slowly building its seniors housing/skilled nursing business since its launch in 2015. Now, Director Jim Neil has announced the firm’s largest senior care transaction yet with a $27.6 million HUD refinance of eight skilled nursing facilities in Texas. The borrower, Senior Living Properties, significantly improved operations across the 841-bed portfolio, which consists of primarily older, rural facilities. Since taking over management in 2014, Senior Living Properties also entered the facilities in the Texas UPL program, which boosted their performance. With the refinance completed, the company will look to fund repairs and improvements at the facilities. That should help with their long-term success. Well done to Mr. Neil and Hunt for closing the complex set of transactions, which the Fort Worth HUD office notes as being the most LEAN transactions they have ever closed in a single day.
Hunt Mortgage Group Hits It Out Of The Park
