Harborview Capital Partners Closes an $8,091,100 Refinance of a Skilled Nursing Facility Located in Crystal Lake, Illinois

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Harborview Capital Partners Closes an $8,091,100 HUD Loan

Harborview Capital Partners, a full service commercial real estate finance firm, has arranged an $8,091,100 refinance of The Springs at Crystal Lake, a skilled nursing facility with 97 beds located in Crystal Lake, Illinois. Jonathan Kutner, Managing Director and Principal at Harborview, originated the transaction. The loan was refinanced through HUD’s 232/223f program with a non recourse interest rate fixed for 35 years on behalf of Mark Weldler, a very experienced operator in the Midwest. This is the third loan Harborview has closed for Mr. Weldler in the last twelve months.

“It was a pleasure working with Jonathan and the Harborview team. They provided us with excellent customer service and kept us informed throughout the entire process. Their industry knowledge combined with their anticipation of our needs enabled us to accomplish our goals,” said Mr. Weldler.

Harborview Capital Partners is a full service commercial real estate finance firm based in Lawrence, NY. Providing both debt and equity for all of the commercial real estate asset classes including multifamily, healthcare, office, retail, industrial and hospitality. The firm distinguishes itself with an industry leading proprietary mezzanine loan program. Harborview prides itself on providing its clients with transparency in lending and certainty of execution.

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