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M&R Health Care Group Closes Major Loan for Skilled Nursing Client

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November 7, 2016

Michelman & Robinson, LLP’s (M&R’s) Health Care Transactional team has closed a major skilled nursing facility loan for client Cassena Care. Partners Mark Zafrin and Mark Frimmel, with key contributions from Real Estate Counsel Joshua Bernstein, closed on the refinancing of a $16,800,000 first mortgage loan from Bank of America, N.A., secured against a 240-bed skilled nursing care facility in the Bronx, New York. In addition, the group closed a $1,500,000 line of credit facility for working capital from Bank of America, N.A.