Fresh off celebrating its four-year anniversary on April 1, VIUM Capital announced its first quarter transaction activity, which included 14 debt financings closed for 31 total properties. In total, the firm arranged $337 million in total financing during the quarter. Located across nine states from North Carolina to Oregon, 16 of the properties were seniors housing communities, two were rental CCRCs and 13 were skilled nursing facilities.
VIUM closed nine HUD 232/223f refinancings, taking out VIUM bridge debt in all but one of the transactions. That marked the first quarter that VIUM’s HUD closings exceeded their bridge loan closings, and we know there are many more bridge loans behind these that will likely get refinanced with the agency in the future. One of the HUD transactions included a $40.6 million loan secured by four SNFs in Indiana. VIUM had executed a bridge loan to help the sponsor acquire 17 SNFs in Indiana, and these are the first four facilities to go to HUD.
On the bridge lending side, the firm closed a $47.865 million loan to fund an operator buyout of nine assisted living/memory care communities in Oregon and Washington. They also refinanced a 404-bed skilled nursing facility in Pennsylvania with a $47.175 million bridge loan. VIUM wrapped things up by closing a Freddie Mac loan as a correspondent lender.
