Webster Bank Healthcare has underwritten $30.6 million and helped arrange and underwrite $58.4 million in construction and mini-permanent debt financing for Anchor Health Properties in support of the ground-up development of two inpatient rehabilitation facilities (IRF) – a 61,000 square foot, 52- bed IRF in Apex, North Carolina and a 100,000 square foot, 62-bed IRF in Miami, Florida.
“In a challenging lending environment, Webster Healthcare’s industry expertise established a structure that achieved the investment objectives of all interested parties,” Albert Lord, director of development finance of Anchor Health Properties, said.
“Webster is pleased to have had an opportunity to partner with Anchor Health Properties on these important transactions and we look forward to broadening our partnership in financing specialty healthcare facilities,” Steven Dowe, senior managing director and head of healthcare CRE and middle market banking at Webster Bank, said. “These transactions are examples of Webster Healthcare’s commitment to the acute care market and a strategic capital resource to expand access to high quality, critically needed sub-acute care services for health systems.”
