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?