Grant Goodman, a former Senior Managing Director at White Oak Healthcare Finance, launched his own advisory/debt placement firm this summer, called G Capital Markets. He also recently closed his first transaction with the firm, arranging a $9.6 million HUD loan for Trellis Chino, a skilled nursing facility in Chino, California.
Built in 2018, the facility operates 59 private rooms and exclusively cares for short-term rehab patients. After leasing up during COVID, the building has performed very strongly with near 100% occupancy. At the time of the deal, it also had a 85% Medicare and 15% private pay census. The sponsor, Encore Capital Ventures, is a real estate investment and capital solutions firm with a portfolio of healthcare and other real estate holdings across California. Proceeds of the loan were used to pay off construction debt from a bank and fund replacement reserves.
