CCN 245581 · Wadena County, Minnesota
Fair Oaks Lodge
201 Shady Lane Drive, Wadena, MN 56482
Fair Oaks Lodge is a 65-bed for-profit nursing home in Wadena, Minnesota, first certified for Medicare or Medicaid in 1991. CMS rates it 2 out of 5 stars overall in its September 2026 data, and it averaged 42.7 residents a day, about 66% of its certified beds. It has an active FHA-insured Section 232 loan: $5.3 million originally, at 5.78%, with $5.2 million outstanding as of September 30, 2026 and maturity in October 2054.
Facility facts
- Certified beds
- 65
- Average residents per day
- 42.7 (65.7% of beds)
- Ownership type
- For profit - Limited Liability company
- Certification
- Medicare and Medicaid
- Legal business name
- Fair Oaks Nursing and Rehab LLC
- Certified since
- Nov 1, 1991
- Chain or affiliated group
- Eden Senior Care (21 facilities, chain average 2.6 stars)
- Location
- Rural
Ratings and staffing
Star ratings run from 1 to 5. Staffing is nurse hours per resident per day from CMS Payroll Based Journal data; turnover is the CMS annual nursing staff turnover rate. Occupancy is CMS's average daily census divided by certified beds.
| Measure | This facility | Minnesota median | US median |
|---|---|---|---|
| Overall rating | 2 of 5 | State spread: 64 at 1, 61 at 2, 58 at 3, 64 at 4, 89 at 5 | |
| Health inspections | 2 of 5 | ||
| Quality measures | 2 of 5 | ||
| Staffing | 4 of 5 | ||
| Total nurse hours per resident per day | 4.44 | 4.16 | 3.68 |
| RN hours per resident per day | 1.20 | 0.97 | 0.58 |
| Weekend nurse hours per resident per day | 3.95 | ||
| Nursing staff turnover | 52.5% | 40.0% | 44.9% |
| Occupancy (residents / beds) | 65.7% | 87.4% | 85.7% |
| Fines reported by CMS | 2 totaling $27,047 | ||
| Health deficiencies, latest standard survey | 4 (Mar 11, 2026) | ||
HUD 223(f) Express Lane: the CMS part
HUD gives 223(f) applications queue priority when the facility has CMS overall and health inspection ratings of at least 2 stars and no abuse icon, among other tests (ORCF criteria of March 31, 2026). Fair Oaks Lodge meets that part today: 2 stars overall, 2 on health inspections, no abuse icon. The loan-to-value, coverage and operator tests depend on the deal. All the criteria.
Who owns and operates it
These are the owners and operators the facility reported to CMS: anyone with a 5% or greater direct or indirect stake, and any organization with operational or managerial control.
| Name | Role | Share | Since |
|---|---|---|---|
| Feinstein, DanIndividual | Direct Ownership Interest | 15% | 02/28/2018 |
| Polstein, MordechaiIndividual | Direct Ownership Interest | 19% | 02/28/2018 |
| Stesel, MaximIndividual | Direct Ownership Interest | 56% | 02/28/2018 |
| Polstein, MordechaiIndividual | Operational / Managerial Control | n/a | 03/01/2018 |
| Quam, SamuelIndividual | Operational / Managerial Control | n/a | 02/28/2017 |
| Rice, PamelaIndividual | Operational / Managerial Control | n/a | 02/28/2018 |
Changes of ownership
No change of ownership for this facility appears in the CMS change-of-ownership file, which starts in January 2016.
HUD Section 232 loans
HUD's Office of Healthcare Programs lists these FHA-insured loans for a project we matched to this facility by name, city and bed count. Status, rate and balance come from HUD's insured-mortgage files as of September 30, 2026. Check the FHA number against the loan documents before relying on the match.
| Endorsed | Program | Original amount | Status | FHA number |
|---|---|---|---|---|
| Sep 25, 2024 | 223(f) refinance or purchaseHUD project name: Fair Oaks Lodge, 75 beds. Lender at endorsement: Dwight Capital LLC | $5,312,300 | Active: 5.78%, $5,178,505 balanceMatures Oct 1, 2054. Servicer: Dwight Capital LLC | 09222200 |
Sources and dates
Facility, rating, staffing and ownership data: CMS Provider Information and CMS Ownership, processing date September 2026. Private equity, REIT and mortgage-interest flags and changes of ownership: CMS Skilled Nursing Facility All Owners and Change of Ownership files (2026-10-01). FHA-insured loans: HUD Office of Healthcare Programs endorsement database, data run July 8, 2026. How we join them, and what the join can get wrong: methodology.
SNF Register is independent. It is not affiliated with or endorsed by CMS, HUD or FHA. Spotted an error? Write to hello@hudskillednursing.loan.