Dwight Capital closed a $29.5 million bridge loan for a portfolio of five skilled nursing and assisted living properties in Minnesota, Ohio and Wisconsin: Eden Vista of Stow, Evansville Manor, Edenbrook Fond du Lac, Edenbrook of Rochester and Edenbrook of Edina. Together, the facilities consist of 441 beds across 25 acres.
The purpose of the loan was to refinance three of the facilities and acquire the other two. Dwight has financed over 20 properties for this repeat client. Managing Director of Healthcare Finance Adam Offman originated this transaction.
