Harborview Handles Three Financings And A Sale
The team at Harborview Capital Partners closed several transactions for senior care facilities before the end of the year. First, David Nussbaum and Eli Kutner advised on the sale and arranged acquisition/construction financing for a hotel in Fishkill, New York to be converted to a 200-bed assisted living community. The $10.7 million loan came with a three-year, interest-only term and five-year perm option with a rate of LIBOR+325. Next, Mr. Nussbaum originated a $23.9 million loan to refinance a 193-bed assisted living community in Brooklyn, New York. The non-recourse loan came with a 30-year amortization and 10-year term. Finally, Ephraim Kutner and Jonathan Kutner... Read More »
Harborview Capital Partners Announced Several Financings
Harborview Capital Partners announced a series of recent closings for several clients across the country. First, the firm worked with a national lending partner to arrange an $81 million loan to refinance a portfolio of four skilled nursing facilities and one assisted living community in Maryland. The loan featured aggressive LIBOR-based fixed interest rate and a four-year term with limited recourse. It resulted in a cash-out in excess of $20 million for the New Jersey-based owner. Ephraim Kutner, Jonathan Kutner and Eli Kutner originated the transaction. Then, Harborview arranged for the refinance of two senior care properties in Queens, New York. The 200-bed skilled nursing facility... Read More »
Maryland Senior Care Portfolio Refinances With Harborview
Harborview Capital Partners announced it has arranged to finance a portfolio of four skilled nursing facilities and one assisted living community in Maryland. A New Jersey-based owner recently purchased the properties and was seeking a cash-out refinance. Working with Ephraim Kutner, Jonathan Kutner and Eli Kutner of Harborview, they obtained an $81 million loan from a national lending partner. The financing came with an aggressive LIBOR-based fixed interest rate and a four-year term. With the transaction, the borrower was able to cash-out in excess of $20 million, with limited recourse. Read More »
Harborview Capital Partners Arranges HUD Refinances
Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, recently announced a few HUD transactions. First, on behalf of a repeat client, Ephraim Kutner and Jonathan Kutner arranged a $7 million HUD loan for a 96-bed skilled nursing facility in Lake County, Illinois. The non-recourse loan came with a 35-year amortization schedule. Then, Harborview took advantage of the low-interest rate environment to refinance several previously placed HUD loans for their clients. The Harborview team achieved substantial rate reductions on loans exceeding $53 million for skilled nursing facilities totaling more than 450 beds in Illinois and New Jersey. That reduced annual... Read More »Schedule a demo
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