Charleston, South Carolina – January 27, 2026 – Berkadia announced today that Managing Director Jay Healy and Director Andrew Lanzaro utilized Berkadia’s balance sheet to provide $39.7 million of bridge-to-HUD financing for a Fort Worth–based owner/operator of nursing homes.
The two bridge loans facilitated the acquisition of three Texas skilled nursing facilities that the sponsor previously operated under a triple net lease with the landlords. The sponsor acquired the leased-fee interests below fee simple value, supported by the equity created through successful operations and the recent Medicaid rate increases in Texas.
The first transaction was a $31.4 million bridge loan for the acquisition of two facilities totaling 246 beds: one in Lufkin, built in 2002 and operated by the sponsor since 2006, and the other in Bellmead, constructed in 2010 and operated by the sponsor since 2021. The loan was sized to 76.5% of combined appraised value and 88% of total cost.
The second transaction was an $8.3 million bridge loan for the acquisition of a 2017 vintage, 80-bed skilled nursing facility in Mexia. The sponsor has operated the community since it opened and exercised a pre-negotiated purchase option, resulting in 100% loan to cost financing at 73.5% of appraised value.
Berkadia expects to close the HUD 232/223(f) refinancings in the second half of 2026.
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. With deep market knowledge, Berkadia Seniors Housing & Healthcare offers a full set of capital markets advisory, underwriting, loan origination services and products including FHA/HUD, Fannie Mae, Freddie Mac, Life Company, and Proprietary Bridge Lending.
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
To learn more about Berkadia, please visit www.berkadia.com.
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