Printer-friendly version MIAMI, FL - August 7, 2014 - HFF announced today that it has arranged $29 million in financing for the Victoria Nursing and Rehabilitation Center, an 85,770-square-foot skilled nursing facility in Miami, Florida.
HFF worked on behalf of the borrower, Victoria Nursing and Rehabilitation Center, Inc., to secure the 15-year, fixed-rate loan through Ocean Bank.
Victoria Nursing and Rehabilitation Center is located at 955 NW 3rd Street just south of the Miami River. The property encompasses five floors within the eight-story Victoria Medical Center. Originally constructed in 1971, the property underwent a major renovation in 2001 and features 264 beds, 196 of which are private.
The HFF team representing the borrower was led by managing director Jim Dockerty and senior real estate analyst Scott Wadler.
“The Victoria Nursing Center is a five-star, skilled nursing facility and the professional team at Ocean Bank provided a competitively priced and creative financing solution for our client,” according to Dockerty.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff.