Seniors Housing i Ohio

KeyBank provides $36 million for Ohio nursing home deal

KeyBank Real Estate Capital has provided Foundations Health Solutions a total of $36.3 million through the FHA 232/223(f) loan program to acquire a four-property portfolio of skilled nursing facilities in Ohio.

Built between 1961 and 1984, the properties are located throughout Ohio and contain a total of 442 licensed beds.

The loan proceeds were used to pay down part of an existing $87.5 million bridge loan KeyBank provided Foundations Health Solutions for the acquisition of nine skilled nursing facilities.

John Randolph of KeyBank’s Commercial Mortgage Group coordinated the financing with Henry Alonso and Brandon Taseff of KeyBank’s Healthcare Finance Group.