Foundations Health Solutions Refinances SNF Portfolio

KeyBank Real Estate Capital is not slowing down after they claimed the top spot for HUD Lean volume in FY2018, going back to a portfolio of four skilled nursing facilities to arrange a HUD refinance. The facilities were part of a nine-SNF portfolio acquired by Foundations Health Solutions with the help of an $87.5 million bridge loan arranged by KeyBank. These four facilities are located in Ohio and were built between 1961 and 1984 with 442 total licensed beds.

The $36.3 million HUD loan, which was facilitated by John Randolph, Henry Alonso and Brandon Taseff, will pay down a portion of that debt.

 

 

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