Since launching in February, Ikaria Capital Group, whose team brings more than 100 years of collective experience in financing, structuring, underwriting, servicing, and asset-managing bridge and FHA/HUD loans, has already completed its first HUD transaction. The $16.5 million closing was executed on behalf of a private investment firm.
The borrower, an existing client, had previously acquired a skilled nursing facility in California in 2023. The HUD takeout enabled the borrower to execute its long-term financing plan. Ross Holland originated the loan.
