Forbright Bank’s healthcare lending team closed nearly $100 million in financings across six transactions. The largest was a $35 million term loan syndication arranged for the acquisition of eight skilled nursing facilities across three states. Another highlight included an $18 million bridge-to-HUD loan that refinanced existing debt and provided an equity return to the sponsor of a seniors housing community in Arizona. The loan was structured for a near-term HUD submission by Forbright’s HUD team.
There was another bridge loan, totaling $10 million, which supported an equity recapitalization for a seniors housing property in Oregon. Finally, Forbright arranged three separate working capital lines totaling $27 million to support the operations of skilled nursing facilities across the Midwest.
