KeyBank Real Estate Capital Closes $157.2M Loan For Wellsential Health Nursing Facilities In Texas

The asset involved is a Nursing Facility Portfolio comprising seven skilled nursing facilities located across Texas in Mission, McAllen, Weslaco, Rio Grande City, Spring, Seguin, and Eagle Pass. The financing secured for this portfolio amounts to $157,200,000 with a 35-year fixed-rate loan, offering long-term operating stability for the facilities.

Summary of transaction details:

• Property Type: Nursing Home
• Transaction Amount: $157,200,000
• Lender: KeyBank Real Estate Capital
• Landlord: Wellsential Health
• Broker Representatives: Grant Saunders, Peter Trazzera, Patrick Gilbreath & John Randolph - KeyBank's Institutional Real Estate Group
• Loan Terms: 35-year, fixed-rate

This financing was arranged by KeyBank’s Institutional Real Estate Group, allowing Wellsential Health to secure favorable terms for the operation of their skilled nursing facilities, thereby facilitating long-term stability in their business operations.