The Portopiccolo Group Picks Up Virginia SNF

February 20, 2019 Steve Monroe Acquisitions, Financings Contemporary Healthcare Capital, Millennium Bank, The Portopiccolo Group, United Community Bank Leave a comment

Contemporary Healthcare Capital worked with skilled nursing owner The Portopiccolo Group to secure mezzanine financing for its latest SNF acquisition. The targeted facility is located in Roanoke, Virginia and features 130 beds, including a 24-bed accredited ventilator unit. To fund its purchase, Portopiccolo obtained a senior loan from United Community Bank (that included a participation […]

Contemporary Healthcare Capital Does Mezz

May 10, 2018 Steve Monroe Acquisitions, Developments, Financings Citadel Care Centers, CoastalStates Bank of Hilton Head, Contemporary Healthcare Capital, mezzanine loan, senior loan, skilled nursing facilities, The Portopiccolo Group, Valley National Bank Leave a comment

Contemporary Healthcare Capital (CHC) completed two mezzanine loans to help buyers fund the purchase of skilled nursing facilities. The Portopiccolo Group, based in New Jersey, bought a 165-bed facility in Covington, Tennessee and borrowed a combined $8.755 million. CoastalStates Bank of Hilton Head provided the senior loan and CHC provided a $2.25 million mezzanine loan. In addition to funding the acquisition, proceeds […]