Working with a regional bank, Bill Janis and Mario Wilson of Helios Healthcare Advisors structured a 15-year refinance of a 172-bed skilled nursing facility in California. The Golden State-based owner/operator engaged the Helios team to pay off its first mortgage and establish a new line of credit, resulting in the longest possible term and an interest rate fixed at 4.85%. The regional bank was looking to expand its presence in the skilled nursing space, so the deal was a clear win-win.
Originally built in 1965 with an addition in 1975, the Los Angeles County facility was well occupied at 98%. It also boasts good clinical and quality of care ratings from the state.