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Beloit Daily News

Finance

Berkadia Secures $21.7M Financing For Two-SNF Deal; Wisconsin Building Changes Hands

By Maggie Flynn | June 9, 2019June 9, 2019

Berkadia closed a $21.7 million bridge-to-HUD loan for the acquisition of two skilled nursing facilities, one of which was located in Idaho. The interest-only loan carries a floating rate with an initial term of 18 months. The facilities, which opened between 2016 and 2017, have an almost 100% Medicare-eligible population and an average occupancy of […]

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