Scottsdale, Arizona – December 2, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the successful arrangement of six loans totaling $70 million through HUD’s 232/223(f) program and through Berkadia’s bridge program.
Managing Director Ed Williams of Berkadia Seniors Housing & Healthcare secured a $10,628,800 loan for a 120-bed skilled nursing facility in Florida. This Florida-based client, a repeat client of Berkadia, will utilize the funds to repay $7.3 million in outstanding debt and recoup $3 million in owners’ equity. The 36-month adjustable-rate loan accommodates a 24-month debt seasoning period, paving the way for a HUD submission. With an LTV of 61.7%, the facility has shown improved performance following a change in operator in 2024.
Also in Florida, Williams and Managing Director Rafael Nobo navigated financing for a first-time Berkadia client, securing funds for two seniors housing communities totaling 188 units. One of the facilities, located in New Port Richey, was financed through Berkadia’s bridge loan program in early 2025. The HUD 232/223(f) loan paid off the bridge loan on the New Port Richey facility, $8.2 million of bank debt on the Largo facility and covered transaction costs. The facilities had LTV ratios of 64.6% and 75.5%, respectively.
Staying in the Southeast, Williams secured a $6,742,500 HUD 232/223(f) loan for a repeat client based in Tennessee. The 35-year HUD loan, which was submitted through HUD’s new express lane due to 61.19% LTV and an impressive DSCR, was used to pay off bank debt and return capital for capital expenditures. The facility boasted occupancy of 96% at submission.
Moving to the West Coast, Williams along with Managing Director Steven Muth arranged acquisition financing for two seniors housing facilities in Southern California. The facilities, which were brokered by Berkadia’s Seniors Housing & Healthcare Investment Sales team, consist of 156 assisted living and memory care units. Berkadia provided 75% loan-to-purchase-price financing over a 24-month bridge loan term, totaling $29,250,000. Berkadia anticipates submitting the properties to HUD’s 232/223(f) program in 2026 for the Utah-based client.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for even the most complex active adult, independent living, assisted living, memory care and skilled nursing projects across the country. In addition to deep market knowledge, the group offers a full set of investment sales, advisory, underwriting, loan origination services and products including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.
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