Wellsential Health Obtains $157.2M Loan for Texas Skilled Nursing Facility Portfolio
KeyBank Real Estate Capital (KBREC) announced the closing of a portfolio of seven (7) FHA 232/223f mortgage insured loans, totaling $157.2 million for Wellsential Health. The financing was executed through the FHA 232/223(f) mortgage insurance program and supports seven skilled nursing facilities located across Texas.
The 35-year, fixed-rate loan will provide long-term stability for Wellsential Health’s operations and enable continued delivery of high-quality healthcare services. The transaction underscores KeyBank’s expertise in healthcare financing and its ability to structure complex deals leveraging government-backed programs.
The seven Texas skilled nursing facilities in the portfolio include:
- Mission Valley Nursing and Transitional Care in Mission
- Briarcliff Nursing and Rehabilitation Center in McAllen
- Weslaco Nursing and Rehabilitation Center in Weslaco
- Starr County Nursing and Rehabilitation Center in Rio Grande City
- The Woodlands Nursing and Rehabilitation Center in Spring (shown)
- Guadalupe Valley Nursing and Rehabilitation Center in Seguin
- Maveric Nursing and Rehabilitation Center in Eagle Pass
Grant Saunders, Peter Trazzera, and Patrick Gilbreath from KeyBank’s Institutional Real Estate Group arranged the loan, with John Randolph of KeyBank’s Commercial Mortgage Group managed the FHA execution.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout