KeyBank Provides $84.7M Refinancing for Six-Property Portfolio in Texas

Brownsville Nursing and Rehabilitation Brownsville Nursing and Rehabilitation

BROWNSVILLE, WESLACO, HARLINGEN and EDINBURG, Texas — KeyBank Real Estate Capital has provided a total of $84.7 million in FHA financing to refinance a six-property, 722-bed skilled nursing portfolio in Texas. The skilled nursing facilities total 722 beds.

The six properties include Brownsville Nursing and Rehabilitation, Brownsville; Ebony Lake Nursing and Rehabilitation, Brownsville; Weslaco Nursing and Rehabilitation, Weslaco; Harlingen Nursing and Rehabilitation, Harlingen; Edinburg Nursing and Rehabilitation, Edinburg; and Windsor Arbor View, Edinburg.

John Randolph of Key’s Commercial Mortgage Group arranged the financing through the FHA 232/223(f) mortgage insurance program. The loan proceeds were used to refinance existing debt.

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