BEECH STREET ARRANGES $8.0M LOAN TO REFINANCE NEW JERSEY NURSING FACILITY

by admin February 17, 2012

February 17, 2012

HAMILTON SQUARE, N.J. —Beech Street Capital has arranged a $8.9 million HUD loan to refinance Arcadia Nursing and Rehabilitation Center, a 128-bed skilled nursing facility in Hamilton Square. The borrower had 28 years left on an existing $9 million FHA loan. Beech Street increased the loan term to 35 years. Joshua Rosen of Beech Street originated the loan.

WESTFIELD TO SELL INTEREST IN 10 SHOPPING CENTERS FOR $1.8 BILLION

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