Nursing Facility

Loan Highlights

  • Location: Rowlett, TX
  • Product Type: Skilled Nursing Facility
  • Loan Amount: $9,000,000

Description

Nursing Facility

Revere Capital originated a $9,000,000 loan to refinance a 169 licensed bed skilled nursing facility in Rowlett, TX.

  • Loan proceeds enabled the borrower to refinance its senior loan that was cross-collateralized with other skilled nursing facilities in the borrower’s portfolio
  • Loan provided the borrower with time to stabilize occupancy of the property to qualify for permanent debt financing
  • Loan has a 24-month term with two, six-month extension options