CIT Closes New Generation/Genesis Financing Package

CIT Group Inc. announced its involvement in New Generation Health LLC’s takeover of 19 senior care facilities previously operated by Genesis HealthCare, leading the way on a nearly $100 million financing package. The facilities are located in California, Washington and Nevada and include skilled nursing, assisted living and behavioral health assets. New Generation assumed operational […]

Monticello Closes Two More First Lien Debt Financings

The financings keep on flowing from Monticello Asset Management, which recently secured two more first lien debt packages for clients in the Mid-Atlantic. The Maryland transaction consisted of a $32 million loan provided to an experienced owner/operator with a portfolio of over 1,300 licensed beds to refinance its 177-bed skilled nursing facility in Cecil County […]

X-Caliber Capital Secures Bridge Loan in Keystone State

X-Caliber Capital helped fund the purchase of a large skilled nursing facility in Pennsylvania with an acquisition bridge loan closing. Located in Harrisburg, the facility has 400 beds and about 200,000 square feet. It was occupied in the low-90s at the time of the sale. The undisclosed buyer obtained the $45 million bridge loan, with […]

acquisition-deal
acquisition-deal

Plainview Group Affiliate Acquires Akron Skilled Nursing Facility

The team at Dwight Capital helped provide a $6.8 million bridge loan to fund the acquisition of a skilled nursing facility in Akron, Ohio. Originally built in 1984 with 174 beds, the facility was significantly renovated in 2008, and its bed count has decreased to 120 beds. It currently offers short-term rehabilitation, occupational therapy, respiratory […]

Capital Funding Group Funds Acquisition of Pennsylvania SNF

Craig Casagrande and Andrew Jones of Capital Funding Group secured a bridge loan for a client to acquire a 139-bed skilled nursing facility in Christiana, Pennsylvania (about halfway between Philadelphia and Lancaster). Formerly on the SFF list as recently as 2016, the facility has since achieved a five-star rating from CMS. That’s quite the turnaround. […]

Greystone Closes Pennsylvania Portfolio Refinance

Greystone provided HUD financing to a portfolio of five skilled nursing facilities in the eastern part of Pennsylvania. The 622-bed portfolio, located in Easton, Millville, Orangeville and Stevens, was acquired by Maybrook Holdings in 2017 for an undisclosed price. Whatever changes were made or renovations were completed must have worked out, as Maybrook sought out […]