Seniors housing industry veterans Kass Matt and Steve Kennedy, formerly of Lancaster Pollard, have launched a new finance venture, VIUM Capital. It probably wasn’t the timing they were picturing, but a new lender in the senior care world can only help right now.
The company is an independent financial service firm that will be exclusively focused on providing capital to the seniors housing and healthcare sectors, offering HUD/GNMA financing, bridge loans, Fannie Mae/Freddie Mac loans (as a corresponding lender) and advisory services. The business is up and running across all product lines, and their bank partner will support VIUM’s bridge loan offering. Municipal advisory services for tax-exempt issuers will also be provided through the firm’s wholly-owned subsidiary, VIUM Capital MA, LLC.
Both of VIUM’s founding partners are thoroughly experienced in the healthcare lending world. Kass Matt spent 14 years at Lancaster Pollard, including the last five years as its president, while Steve Kennedy was at LP for 18 years as a senior investment banker and a member of the firm’s executive committee. Combined, the pair have originated transactions in excess of $5 billion. That experience will be crucial to filling their book during this period, but we’re sure these guys like a challenge.
