KeyBank Provides $127.7M Financing for 19-Property Skilled Nursing Portfolio in Nevada, Texas

NEVADA and TEXAS — KeyBank Real Estate Capital has provided a total of $127.7 million in bridge-to-HUD financing for two skilled nursing facility portfolios in Nevada and Texas. 

The borrowers in both transactions were joint ventures led by Capital Senior Ventures and BlueMountain Capital Management.

A $105.8 million loan was used to facilitate the acquisition of 12 skilled nursing facilities and to refinance existing debt for four skilled nursing facilities throughout Texas. The 16-property portfolio features 1,924 beds.

A $21.9 million loan was used to facilitate the acquisition of three skilled nursing facilities totaling 359 beds in Las Vegas and Carson City, Nev.

Grant Saunders and Peter Trazzera of Key’s Commercial Mortgage Group arranged both financings. The specific names of the facilities were not disclosed.

More News