KeyBank Real Estate Capital (KBREC) has announced the closing of a $157.2 million portfolio of seven FHA 232/223(f) mortgage-insured loans for Wellsential Health. The financing supports skilled nursing facilities located across Texas and was executed through the U.S. Department of Housing and Urban Development’s mortgage insurance program, offering 35-year, fixed-rate terms. This structure provides long-term financial stability for Wellsential Health and allows the organization to continue delivering high-quality healthcare services.
The skilled nursing facilities included in the Texas portfolio are:
– Mission Valley Nursing and Transitional Care in Mission
– Briarcliff Nursing and Rehabilitation Center in McAllen
– Weslaco Nursing and Rehabilitation Center in Weslaco
– Starr County Nursing and Rehabilitation Center in Rio Grande City
– The Woodlands Nursing and Rehabilitation Center in Spring
– Guadalupe Valley Nursing and Rehabilitation Center in Seguin
– Maveric Nursing and Rehabilitation Center in Eagle Pass
The financing was arranged by Grant Saunders, Peter Trazzera, and Patrick Gilbreath from KeyBank’s Institutional Real Estate Group. John Randolph from KeyBank’s Commercial Mortgage Group managed the FHA execution.
This transaction highlights KeyBank’s expertise in the healthcare real estate sector and its ability to navigate complex deals using government-backed lending solutions.
