financing

Dwight Capital Provides Two Bridge Loans

Dwight Capital closed a couple of bridge loans for skilled nursing clients in the Midwest. First up, the firm arranged a $3.77 million loan for a senior care facility in Beloit, Kansas. Built in multiple stages from 1971 to 2004, the campus includes 110 units and 116 beds of assisted living and skilled nursing.

Then, in Gary, Indiana, Dwight Capital secured a $4.02 million bridge loan for a 100-bed SNF to pay off existing bank and partnership debt. It was originally built in 1969 and renovated in between 1973 and 1980. Perhaps another renovation is in store?

 

 

2 comments on “Dwight Capital Provides Two Bridge Loans

    1. Most bridge loan lenders will not do these loans for someone who is starting out. They want proven operators with a track record. In our monthly newsletter, The SeniorCare Investor, we write about the various bridge loans that are made, usually for acquisitions.

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