Dealmaker: Harborview Capital Partners Closes $41M in Three Deals

Harborview Capital Partners, Lawrence, N.Y., closed $40.6 million in loans for assisted-living and skilled nursing facilities in Minnesota, Illinois and New York. 

In Minnesota, Harborview arranged $10.6 million to refinance a 115-bed assisted-living property through HUD’s 232/223f program. Harborview Principals Ephraim Kutner and Jonathan Kutner originated the non-recourse 30-year fixed loan for their Chicago-based client.

Harborview also arranged $16 million to refinance an Illinois skilled nursing facility. The five-year loan for the Chicago-based borrower included a 25-year amortization schedule. The new financing paid off existing debt and provided cash-out proceeds to the borrower. Jonathan Kutner originated the transaction and Senior Analyst David Chiger negotiated the terms.  

In New York, Harborview secured a $14 million acquisition loan for a skilled nursing facility. The 10-year loan with a 25-year amortization schedule floats based on the LIBOR.

Jonathan Kutner originated and negotiated the transaction with Harborview Director of Capital Markets David Nussbaum.