
Oxford Announces New Hire From Wells Fargo Capital Finance
After more than 17 years at Wells Fargo Capital Finance, Kevin Harbour has joined Oxford Finance’s healthcare services real estate and asset-based financing unit. Mr. Harbour’s responsibilities as Managing Director will include maintaining the firm’s real estate bridge lending products, developing new financial products for qualifying healthcare enterprises, expanding Oxford’s asset-based financing platform across all healthcare industries, and managing the firm’s underwriting and business development teams. Mr. Harbour comes to Oxford with 18 years of expertise in healthcare lending, most recently as Head of Healthcare Loan Originations at Wells Fargo Capital... Read More »
Oxford Finance Closes Senior Loan for California ALF
AvantGarde Senior Living received a $28 million senior loan from Oxford Finance LLC. The funds will be utilized to refinance existing debt on a Tarzana, California assisted living community. AvantGarde, which was founded in 2008, owns and manages two high-quality assisted living communities in California, including the subject property, which was purchased as a 100-unit senior living hotel in 2010 and converted to a 138-bed licensed assisted living community. It provides AL, memory care and independent living services. Oxford also recently backed the acquisition of four Texas SNFs with a senior credit facility totaling $27.5 million. With that debt, Cascades Healthcare was able to purchase... Read More »
Oxford Finance Backs Acquisition of Four Texas SNFs
Oxford Finance helped finance the acquisition of four skilled nursing facilities in Texas with a senior credit facility totaling $27.5 million. Cascades Healthcare, an owner/operator of 15 skilled nursing facilities in Utah and Idaho, is the borrower, branching out into the Lone Star State for the first time. The facilities total 647 licensed beds. We learned of the deal earlier this month when Alec Blanc of Monarch Advisors announced his structuring of the transaction. Making up the credit facility was a $21 million acquisition loan that came with a three-year term and interest-only payments for the first two years, a $3 million revolving line of credit for working capital, and a $3.5... Read More »