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Mohr Health Nabs Loan for $15M Rehab Facility

SAN ANTONIO, TX-Siemens Financial Services provides a seven-year loan for land acquisition, construction and permanent mortgage.

By Jennifer Duell Popovec | Updated on April 26, 2011

SAN ANTONIO , TX -Mohr Health LLC has obtained a $10.9 million loan from Siemens Financial Services Inc. for a 40-bed rehabilitation hospital here. The Dallas-based company will develop and own the $14.5-million facility, Warm Springs Rehabilitation Hospital of Westover Hills, while Post Acute Medical LLC will operate it.

The seven-year loan from Siemens includes financing for the land acquisition, construction of the 50,000-square-foot facility and permanent mortgage, according to Wynn Searle, principal and partner with Mohr Health. Formerly known as CCD Healthcare, Mohr Health develops and acquires healthcare real estate.

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