SCOTTSBURG, Ind. — Strawberry Fields REIT LLC has received a $4.4 million HUD loan to refinance The Waters of Scottsburg, a 99-bed skilled nursing facility in Scottsburg, approximately 30 miles north of Louisville, Ky.
Strawberry Fields acquired the property in 2014. It is currently 69 percent occupied following a capital improvement and marketing strategy plan by the owner.
The new loan has a 35-year term with a fixed interest rate.
Strawberry Fields is an owner and lessor of nursing homes, long-term acute care hospitals and medical office buildings in the Midwest and South. The investor owns 57 facilities in Illinois, Indiana, Ohio, Texas, Michigan, Tennessee, Kentucky and Oklahoma.