Helios Healthcare Advisors structured the recapitalization of a 300-bed assisted living and skilled nursing portfolio in the San Francisco MSA. Facing a pending maturity with its existing lender, the borrower (AEC Living) engaged Helios to structure a refinance across two owned/operated assisted living communities and one skilled nursing property that was subject to a triple-net lease with a large public health district. All assets were geographically clustered and located in very high-income markets in the Bay Area.
Helios secured a financing solution through a family office that sponsored a commercial real estate debt-fund. The total loan amount was $12 million and closing occurred within 30 days of term sheet execution. Along with retiring all senior debt, cash proceeds were also funded to support operations and general corporate purposes. The funding provided the borrower with a runway to continue stabilizing operations but also additional operating capital to invest into the communities.
