CIBC Bank USA provided an $85 million acquisition financing term loan and a $2 million working capital revolving line of credit for a portfolio of skilled nursing facilities in Wisconsin. The size of the portfolio was not disclosed, but historical performance trended positively over the last year, as the facilities improved census and operating leverage. Going forward, occupancy and operating margins are expected to further improve. Dan Forrer handled the transaction on behalf of CIBC.
CIBC Finances Wisconsin SNF Portfolio Deal
