Oxford Finance LLC announced that its Healthcare Real Estate Group closed a record-level of originations in 2022. In total, Oxford provided over $867 million of capital commitments. The group closed a total of 14 transactions, with credit facilities ranging from $9 million to over $124 million.
The healthcare real estate team at Oxford closed the following transactions in 2022:
- Ohio Acquisition: A $80.75 million term loan and an $8.5 million revolving line of credit to finance the acquisition of four senior care campuses comprising skilled nursing, assisted living, and independent living units for an experienced Midwestern operator.
- Florida Acquisition: $115.5 million term loan and $9.0 million revolving line of credit to finance the acquisition of seven skilled nursing facilities containing 906 beds in Florida for an experienced East Coast-based operator.
- West Coast Revolving Line of Credit: $9.0 million revolving line of credit to finance working capital needs for seven SNFs for an expanding California-based operator.
- Maryland Acquisition: $124.8 million term loan to finance the acquisition of four SNFs consisting of 520 beds for a large operator.
- Florida Acquisition: $77.8 million term loan and a $9.0 million revolving line of credit to finance the acquisition of four SNFs containing 540 beds in Florida for an experienced East Coast-based operator.
- Massachusetts Acquisition: $23.0 million term loan and a $5.0 million revolving line of credit to finance the acquisition of five SNFs containing 450 beds for an experienced Massachusetts-based operator.
