Capital One Closes $12.1M FHA Loan to Refinance Michigan Skilled Nursing Facility

WESTLAND, Mich. — Capital One has provided a $12.1 million fixed-rate HUD loan to refinance a 230-bed skilled nursing facility in the Detroit suburb of Westland.

The borrower is a regional owner-operator with several properties in Michigan. The refinancing matches the previous loan’s 36.5-year term.

Capital One’s Joshua Rosen originated the transaction.

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