The Capital Advisory Group at Housing & Healthcare Finance (HHC Finance) has impressed so far this summer, closing $157 million across eight loans in the last two months. Isaac Haas and Neil Gamss, who lead the group, went to Pennsylvania to close the largest transaction. Vita Healthcare Group was the borrower, after acquiring eight skilled nursing facilities and 1,050 total beds that were deemed to be non-core by the undisclosed seller, in a transaction handled by Ben Firestone, Christopher Hyldahl, Michael Segal and Gideon Orion of Blueprint Healthcare Real Estate Advisors. HHC Finance closed a $100.3 million bridge loan to fund the purchase.
For another skilled nursing portfolio (also involving Blueprint, in addition to Michael Burchell of CFG Capital Markets), this time with 11 facilities in Missouri, HHC Finance arranged a $7 million A/R line on behalf of the private investor buyer.
Messrs. Haas and Gamss closed three other A/R lines, including $2 million for a 198-bed skilled nursing facility in Alabama, $9.5 million for a 900-bed SNF portfolio in California and $1.5 million for two SNFs in Tennessee. The pair wrapped up these active months with three loans totaling $37.3 million for skilled nursing facilities in Ohio (2) and Arkansas (1).
