CLOVIS, N.M. — Capital One has provided a $11.3 million HUD refinancing for Wheatfields Senior Living Community, a 101-bed assisted living facility in Clovis, near the Texas border.
Wheatfields opened in 2008 as five detached independent living cottages. The assisted living building was added in 2011.
The transaction allows the borrower to replace bank debt with long-term financing and recoup capital expenditures on the property.
Joshua Rosen originated the fixed-rate loan, which has a term of 35 years.