VIUM Capital announced a plethora of transactions in the month of August, totaling approximately $200 million across six financings. The firm first closed a bridge acquisition loan for a pair of skilled nursing facilities in Arkansas. The loan totaled $19.9 million.
VIUM next closed a bridge refinance with an earn-out structure for a 50-bed assisted living community in the state of Florida. Arranged for 428 Healthcare, which wanted to take equity out of a well-performing asset that it had purchased in 2019, the loan totaled $7.7 million ($3.7 million of initial funding with $4 million in earn-outs). After a two-year seasoning process, the loan will be submitted to HUD.
To close out the month, VIUM secured an $11 million bridge-to-HUD loan for Ohana Ventures to acquire an assisted living community in Oregon.
