Skilled Nursing Dealbook: $270M Portfolio Acquisition Involving Cascadia; NJ Nursing Home Receives $33.6M

First Citizens Bank arranged the $270 million sale of a 30-facility portfolio across five states. MonticelloAM, meanwhile, financed a $33.6 million bridge loan for a New Jersey nursing home. First Citizens Bank Arranged $270M in Nursing Home Portfolio Financing First Citizens Bank, through its health care finance business, arranged $270 million in financing support for […]

First Citizens Secures $115M for Acquisition of 8 Nursing Homes; Summit Sells 3-Facility Portfolio for $30M

First Citizens Bank’s Healthcare Finance business served as lead arranger of $115 million in financing for the acquisition of eight skilled nursing facilities in Illinois. The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities, with investments in over 24 states, First Citizens said in […]