CIBC Bank USA closed on a $50 million acquisition loan for five skilled nursing facilities in Mississippi totaling 511 beds. Despite being purchased out of a distressed situation, the portfolio’s historical operating performance was relatively strong. Following their acquisition, the properties were leased to a large regional operator familiar with the state who intends to utilize their economies of scale and familiarity with the local market to reduce expenses and drive census.
CIBC Bank USA Arranges Acquisition Loan
