Oak Grove Arranges $10.1M HUD Refinancing for Two Skilled Nursing Facilities in North Carolina

NEW BERN and FAYETTEVILLE, N.C. — Oak Grove Capital has arranged two HUD refinance loans for a seniors housing operator in North Carolina.

The first loan, for $6.2 million, is for Whispering Pines Nursing & Rehabilitation Center, a 63-unit skilled nursing facility in Fayetteville. The second, $3.9 million, is for Bayview Nursing and Rehabilitation Center, a 50-unit skilled nursing facility in New Bern.

Joel Mendes, senior vice president at Oak Grove, arranged both loans.