In a transaction that marks the third time Berkadia has secured financing for the asset, the company arranged a $35.4 million HUD financing for a 189-bed skilled nursing facility in Lafayette Parish, Louisiana. The asset was developed in three phases between 1996 and 2007. It has been owned by a Louisiana-based owner/operator of skilled nursing facilities since 2021, when it purchased the property from a REIT. Berkadia providing acquisition financing at that time, which was later refinanced with a debt fund in 2024, also retiring a portion of related-party debt created in conjunction with the acquisition.
The 2026 HUD loan features a 35-year fully amortizing term and refinanced the senior debt, the remaining related-party debt and reimbursed the sponsor for capex debt. This is the sponsor’s first HUD loan. The transaction was handled by Jay Healy and Andrew Lanzaro.
