About the Transaction
KeyBank Real Estate Capital® provided a $16.3 million term loan to refinance existing debt and to acquire an additional skilled nursing facility for RollinsNelson LTC Corp. The term loan will serve as a bridge to long term HUD financing.
The KeyBank Real Estate Capital Relationship
Key’s relationship with RollinsNelson supports the company’s strategy to recapitalize existing debt to lower costs and access capital to acquire and grow. The company is implementing a comprehensive financing plan which will include long-term, fixed rate HUD debt that will be underwritten through KeyBank. These are the second and third transactions closed by KeyBank for RollinsNelson since June 2012.
RollinsNelson LTC Corp is a privately held owner operator of skilled nursing facilities with six locations in the greater Los Angeles area.
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