VIUM Capital is closing out its summer with a bang, announcing 15 transactions totaling more than $180 million in volume in July and August, alone. The majority of those closings were HUD 232/223f transactions that paid off bridge loans originally originated by VIUM over the last few years. In 2024 to date, VIUM has closed over $500 million of debt transactions, with more to come in the remaining months of the year.
It is also worth noting that in less than five years since its launch, VIUM has now funded over 200 senior debt transactions in the seniors housing and healthcare real estate sector, totaling over 400 properties in more than 30 states. It is forecast to surpass $5 billion of total production in Q4 and also added a half dozen employees just this summer. So the growth will only continue, if not accelerate.
A few of the recent closings financed acquisitions, or in one case a purchase option. A 124-bed skilled nursing facility in Texas received a $15.952 million HUD refinance that took out a VIUM bridge loan and funded 100% of a discounted purchase option. The facility opened in May 2020, and the borrower has been the operator since inception.
VIUM also closed a new bridge loan totaling $12.35 million for three assisted living communities and 160 licensed beds in Tennessee. The communities were stabilized and financed at 75% loan-to-cost. Finally, the firm funded 75% of the acquisition of a 79-unit assisted living/memory care community in Idaho. The $6.95 million of bridge financing included an initial advance of $6.44 million and a $510,000 earn-out that can be advanced at HUD submission. The borrower already owned three seniors housing communities in the state, and this property offered the chance to acquire a value-add asset at an attractive basis. They plan to submit a HUD application 12 months after closing.
