JD Stettin of Carnegie Capital structured the refinance of three skilled nursing facilities in south-central Oklahoma. Built on average 20 years ago, these facilities total 330 licensed beds in three different counties. There was a maturing loan from a large national bank on the portfolio, so in came Mr. Stettin to replace it on behalf of the local owner/operator.
An Arkansas-based regional bank provided an $11.5 million loan with a five-year term. The interest rate came in below 4%, or 3.995% to be exact, and was fixed for the length of the term. That makes for a happy client, we imagine.
