VIUM Capital has been busy lately, recently arranging two refinances and one acquisition loan. First, the company arranged a refinance for a skilled nursing facility with a $9.5 million HUD loan, providing non-recourse, low-interest, long-term debt. Back in 2020, the company closed a bridge loan for the portfolio acquisition of this property and four other skilled nursing facilities in Indiana, and the remaining facilities are set to follow into HUD shortly.
VIUM also refinanced a portfolio of four skilled nursing and assisted living properties in northeast Ohio. The new HUD loan totaling $55.75 million refinances 1st, 2nd, and 3rd FHA mortgages through the a7 program exclusively for existing HUD borrowers, and provided significant debt service savings for the regional Ohio-based provider.
Finally, VIUM funded acquisition and capex of a nursing home in Southwestern Ohio with a bridge-to-HUD loan for $6.5 million. The seller exited the industry with this divestiture to a buyer with an established Ohio portfolio.
