Despite the backlog caused by the government shutdown earlier this year, Harborview Capital PartnersHUD pipeline has been particularly active lately, totaling over $46 million in two March transactions. The larger transaction featured a $23.9 million loan closed on behalf of a brand-new 180-bed skilled nursing facility in Middlesex County, New Jersey. The team then closed a $22.25 million HUD loan for a 164-bed SNF in Chicago, Illinois.

In addition, Harborview flew down to sunny Florida to arrange two transactions for assisted living clients. First, for a 136-bed community on the Gulf Coast of Florida, they closed a $6.7 million loan with a five-year term, 20-year amortization and 12 months of interest only. Then, Harborview arranged a $4.5 million loan to refinance a 160-bed assisted living community outside of Fort Lauderdale. The financing came with a three-year term at 30% recourse and an interest rate at LIBOR-plus 2.5%. Both borrowers were based in New York. Ephraim Kutner and Jonathan Kutner originated the transactions.