Healthy sign as Eastern closes deals for $18m.Eastern Union Commercial announced the successful closing of a $12.5 million refinancing Refinancing An extension and/or increase in amount of existing debt. of two nursing facilities in Delaware, Pennsylvania, that was completed as a five-year deal, amortized over 25 years. Another healthcare related transaction was a $6.3 million bridge loan on a nursing home purchase in Wildwood Wildwood, city (1990 pop. 4,484), Cape May co., SE N.J., on an island off Cape May; settled 1882, inc. as a city 1911. It has large commercial fisheries and is a popular summer seaside resort with many vintage motels and other buildings from the 1940s–60s. , Forida, amortized over 25 years, that closed in only 27 days. "Among the many offerings at Eastern Union, is our specialization A career option pursued by some attorneys that entails the acquisition of detailed knowledge of, and proficiency in, a particular area of law. As the law in the United States becomes increasingly complex and covers a greater number of subjects, more and more attorneys are in healthcare real estate financing,," said Michael Papilow, Broker. "Our clients have been medical office buildings, skilled and assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities and other medical facilities." "Eastern Union's funding products and services are designed to meet the diverse commercial financing needs of healthcare providers," said Joshua Rosen, director, healthcare financing: "The healthcare industry is the country's largest service industry, consuming 21% of the U.S. gross domestic product (GDP GDP (guanosine diphosphate): see guanine. ). It is crucial to understand the role that real estate plays to a healthcare facility. Of course, the driving force should be the accomplishment of the institution's medical goals, but real estate should be aligned to those goals." |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion