White Oak Healthcare Partners, a subsidiary of White Oak Healthcare Finance, secured a $32.8 million financing for the acquisition of a skilled nursing facility in Southern California. A private investment firm acquired the facility, which is triple-net leased to an operator with experience in the state of California. The three-year, variable-rate loan came with two one-year extension options and was sized to HUD guidelines. Ross Holland and Joe Munhall originated the transaction.
White Oak Healthcare Partners also executed a financing of just over $19 million for the acquisition of another skilled nursing facility in California for an owner/operator with significant experience in the state. The three-year, variable-rate loan also came with two one-year extension options and was sized to HUD guidelines. Ross Holland originated the transaction.
