Boston-based Fantini & Gorga has arranged $18.4 million in permanent financing for Winchester Nursing and Rehabilitation Center and Woburn Rehabilitation and Nursing Center.

The Winchester nursing facility has 121 beds. The Woburn Rehabilitation and Nursing Center has 140 beds, according to a statement.

Both transactions used mortgage insurance provided by the Federal Housing Administration (FHA).

"We were delighted to be able to deliver this attractively priced, non-recourse financing for our clients," said Tim O’Donnell, principal of Fantini & Gorga. "The loans provide funding for ongoing improvements designed to allow these top-quality facilities to continue to provide the highest level of care. At the same time, the long-term, fixed-rate structure gives the facilities’ operations stability for years to come."

The loan was placed with Eastern Mortgage Capital, a national MAP Lender for which Fantini & Gorga serves as loan correspondent in New England. All of the FHA mortgage insurance programs offered by Eastern Mortgage Capital are non-recourse with no carve-outs, and do not require yield maintenance or defeasance prepayment penalties.