Seattle DJC.com local business news and data - Real Estate - M&T provides $3M HUD loan for nursing home
Schneider Roach M&T Realty Capital Corporation announced that it last fall secured a refinancing loan for the St. Anne Nursing & Rehabilitation Center, in the Meadowbrook neighborhood in North Seattle. The approximately $3.1 million was secured via the national mortgage insurance program (Section 232) of the U.S. Department of Housing and Urban Development. The non-recourse loan carries a fixed rate of 2.68%, with a fully amortizing loan term. The funding was secured by Madeleine Roach and Jim Schneider; the latter said in a statement, “We are thrilled to see this product work so well lo...
Source: djc.com