BMO Harris Bank’s Healthcare Real Estate Finance group closed a $30 million term loan and a $35 million revolving line of credit for a portfolio of skilled nursing facilities operated by Life Generations Healthcare LLC. Headquartered in Santa Ana, Life Generations operates 28 communities in California and Nevada with over 3,100 licensed beds. In addition, the company offers behavioral health programs, assisted living and memory care services. Further details on the financing were not disclosed.
This news follows BMO Harris Bank’s announcement that it provided a $123 million loan to an affiliate of The Inland Real Estate Group of Companies, Inc. That loan provided recapitalization financing for 15 medical office buildings, totaling more than 419,000 square feet across six states.
