The bridge lending program at Housing & Healthcare Finance seems to be flourishing since its launch in Fall 2015. It had a strong year in 2016, when the Capital Advisory Group (which arranges bridge loans and revolving lines of credit) closed about $350 million in transactions. Now, the team of Isaac Haas and Neil Gamss isn’t letting up, closing over $65 million in bridge loans in April alone. All of the loans were for skilled nursing clients across the country, including a $14.8 million loan for two facilities (with 213 combined beds) in Cincinnati, Ohio, a $21.5 million loan for three facilities (with 346 beds) in Oklahoma and a $13 million loan for two facilities (also with 213 beds) in Georgia. Haas and Gamss also arranged a $6 million asset-based revolving line of credit for three facilities in Illinois. Keep up the good work.
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