MIG placed an eight-figure, 80% LTC loan at 6.68% for a 100+ bed MO SNF with flexible prepayment terms.
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MIG was engaged to sell a 100+ bed skilled nursing facility in Missouri. Given MIG’s strong presence and deep relationships throughout the state, the selected buyer also requested MIG’s assistance with debt placement - recognizing the team’s extensive network of Missouri-based lenders.
MIG’s debt team received multiple term sheets from both regional and national lenders. Ultimately, the team secured an above-market, eight-figure financing package with a trusted regional lender, featuring 80% LTC on the acquisition, a 6.68% rate at closing, and flexible prepayment terms.
This transaction highlights MIG’s deep Missouri relationships across both the buyer and lender sides. As Missouri remains a key focus state for the brokerage, the debt team leveraged its ongoing lender relationships to run an efficient process and secure debt terms more aggressive than those typically seen in the market.
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