The Art of Funding the Deal
Eli Kutner of Harborview Capital Partners has been busy of late, closing five acquisition loans that ranged from $3.19 million up to $34.89 million. That largest deal funded the purchase of two skilled nursing facilities (totaling 496 beds) in the towns of Gallatin and Lebanon, Tennessee (Nashville MSA). The loan featured an interest rate of LIBOR+2.85, a 25-year amortization and a three-year term. Staying in the Southeast, the smallest transaction, a $3.19 million loan with an interest rate of LIBOR+3.25, 20-year amortization and three-year term, financed the acquisition of a 135-bed skilled nursing facility in Tampa, Florida. Harborview stayed in the Northeast for the three remaining... Read More »
Harborview hits a triple
In three separate transactions, Harborview Capital Partners closed over $40 million in financing and showed off its variety of services in turn. Ephraim Kutner and Jonathan Kutner of the commercial real estate finance, equity and advisory firm first arranged a $10.6 million HUD loan with a 30-year term on behalf of a Chicago-based borrower to refinance a 115-bed assisted living community in St. Paul Minnesota. Harborview also closed two bank loans. One, led by Jonathan Kutner and David Chiger, involved a $16 million refinance of an Illinois skilled nursing facility. The five-year loan will pay off existing debt and provide cash-out proceeds to the Chicago-based borrower. And then Jonathan... Read More »Schedule a demo
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