Cambridge Realty Capital Companies provided a $10,400,000 HUD Lean loan to refinance a dual-facility assisted living and skilled nursing campus in the state of Iowa. The Views of Burlington, located in Burlington, Iowa, comprises Oakview Nursing and Rehabilitation, a 60-bed SNF, and Ridgeview Assisted Living, a 42-bed facility. Cambridge President Andrew Erkes said in a […]
Oxford Finance LLC announced the closing of a $124.75 million senior credit facility to finance the acquisition of four skilled nursing facilities in Maryland. Autumn Lake Healthcare, which acquired the buildings, is a management company that provides non-health care services to licensed health care centers, according to its website. Its network of independently owned and […]
Oxford Finance’s Healthcare Real Estate Group closed over $280 million in transactions in the first quarter of 2022, providing credit facilities ranging from $5 million to more than $110 million. Some of the deals Oxford closed included a $80.7 million term loan along with a $8.5 million revolving line of credit to finance the acquisition […]
Blueprint completed a $51 million sale of two skilled nursing facilities in central and northeast Florida. The two facilities, totaling 300 beds, were sold to an operator looking to expand its presence in the state. The seller, a Florida-based owner operator, engaged Blueprint in November and required an off-market transaction that needed to be completed […]
White Oak Healthcare Finance provided funding for a $110 million senior credit facility secured by nine skilled nursing facilities in Virginia, with a total of more than 1,000 beds. White Oak acted as administrative agent and sole lender on the funding, which was done on behalf of the client, “a well-respected real estate investor,” according […]
Oxford Finance LLC announced the closing of a $9.5 million senior credit facility and revolving line of credit to AB Asset Management LLC and Vitalogy Property Holdings LLC to finance the acquisition of two skilled nursing facilities in Wisconsin with 158 beds in total. To acquire the properties, Vitalogy formed a partnership with AB Asset […]
Harborview Capital Partners arranged a $32.4 million Department of Housing and Urban Development (HUD) Section 232/223(f) loan for the refinancing of a 210-bed skilled nursing facility for the Chicago-based operator Legacy Healthcare. The loan features a 35-year term and “amortization at an extremely aggressive rate,” according to a statement announcing the deal. Ephraim Kutner, Jonathan […]
Oxford Finance LLC closed a term loan and revolving line of credit totaling $64.6M to fund the Portopiccolo Group’s purchase of three nursing homes. The N.J.-based Portopiccolo, a family-owned private equity firm focused on skilled nursing assets, acquired one facility in Maryland and two in North Carolina, totaling 450 skilled beds and 50 assisted living […]
CareTrust REIT Inc. (Nasdaq: CTRE) acquired the 118-bed Lakewest Rehabilitation & Skilled Care skilled nursing facility in Dallas, for an initial investment of $10 million, inclusive of transaction costs. The San Clemente, Calif.-based real estate investment trust (REIT) leased the property to Texas SNF operator Next Gen P, LLC, with initial annual cash rent set […]
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