BEECH STREET CLOSES $34M REFINANCE OF TEXAS SENIORS PORTFOLIO

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BETHESDA, MD. — Bethesda-based Beech Street Capital LLC has closed FHA 232/223(f) loans totaling $34 million to refinance five skilled nursing facilities in Texas totaling 627 beds. The facilities include the McAllen Nursing Center, Greenville Health and Rehabilitation, Courtyard Convalescent Center, Mesquite Tree Nursing Center and Prairie House Living Center. John Rosen of Beech Street originated the loans on behalf of the principals, which own 82 skilled nursing facilities in eight states. The fixed-rate loans have terms of either 30 or 35 years.

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