One of the largest skilled nursing facilities in Illinois just received a $16.8 million 35-year HUD refinance, courtesy of Joshua Rosen of Capital One. Located in the town of Joliet (about 40 miles outside of Chicago), the facility serves both Medicaid and Medicare patients in either private or semi-private rooms. In addition to long-term care, it also offers respite care and sub-acute/short-term rehab care (to Medicare patients), encompassing physical/occupational/speech therapy, wound care management, cardiac rehab, trach care and post-stroke management. The facility was built in 1975, but improvements have been made since then. The owning principals, which have operated it since 1998, own four other skilled nursing facilities in Illinois and Missouri, with a portfolio totaling nearly 1,000 beds.
Capital One Closes HUD Refinance of Large Illinois SNF
