Royal-Taber-SNFLove Funding, one of the nation’s leading providers of FHA multifamily and healthcare financing, announced the closing of three loan refinancings totaling $22.7 million for a portfolio of skilled nursing facilities in Massachusetts.
Love Funding Senior Director Leonard A. Lucas of the Boston office secured the loans through the U.S. Department of Housing and Urban Development’s Section 232/223(f) LEAN loan program for long-term care facilities.
The facilities involved are Royal Cape Cod Nursing and Rehabilitation Center in Buzzards Bay, Royal Falmouth Nursing and Rehabilitation Center in Falmouth, and Royal Taber Street Nursing and Rehabilitation Center in New Bedford. The centers offer a total of 270 beds and are operated by Royal Health Group, a family-owned company founded by James Mamary Sr. in 1997.
Last month, Lucas secured an $8.7 million loan refinancing for Country Villa Rehabilitation Center, a skilled nursing facility in Los Angeles.
For more information, contact Leonard Lucas.