Aspen Skilled Healthcare Receives US $ 25M, Lument Closes US $ 35.6M Loans for PA SNF
White Oak Healthcare is funding $ 25 million for Aspen Skilled Healthcare
White Oak Healthcare Finance LLC announced that it financed a $ 25 million loan for Aspen Skilled Healthcare, Inc last week.
White Oak will reportedly serve as the sole lender and manager of the senior asset-based credit facility and will use the funds to fund ongoing working capital.
Aspen’s independent subsidiaries operate qualified care facilities in the Los Angeles and San Francisco subway areas.
The lender provided Aspen with a flexible solution as the two companies are excited about growing together, according to a jointly released statement. White Oak Healthcare is funding $ 25 million for Aspen Skilled Healthcare
Walker & Dunlop is funding $ 55.6 million for three qualified care facilities in Chicago
Walker & Dunlop announced that $ 55,680,000 in funding has been structured for three qualified care facilities in the Chicago area: Chalet Living & Rehab Center, The Grove of Evanston, and The Grove of La Grange Park.
The loans have a term of around 27 years with attractive fixed interest rates.
In a statement accompanying the announcement of the deal, Walker & Dunlop said it was a prime example of the company’s ability to bring new opportunities to skilled care facilities amid the pandemic.
Blueprint Announces Sale of Valley View, Boise
Blueprint announced that it has facilitated a national senior home owner and operator to acquire Boise Idaho’s Valley View Nursing and Rehabilitation, a four-star, CMS-rated, 120 bed campus facility that has 51 independent units and 143 includes assisted living units.
The partner was reportedly chosen because of its creative plan to reverse operations and its flexibility with the leasing structure.
Valley View, a regional hospital, was carried out consistently in the area of 70% occupancy with a strong mix of quality.
The turnaround began with the new operator taking a leadership role in January 2019, generating $ 12.3 million in revenue by the end of 2020, surpassing the previous manager by 20% and 10% respectively.
Lument receives a $ 35.6 million bridge loan for center rehabilitation
Lument announced that it has completed a US Department of Agriculture loan of $ 35.6 million to finance the construction of rehabilitation and wellness services for Center Care.
The Qualified 240-bed care facility in Bellefonte, Pennsylvania will replace an existing facility that is press release deemed unsuitable for significant renovation due to its age and location.
Complete Healthcare Resources Eastern helped with the deal, which included securing a $ 35.6 million bridging loan from First National Bank. It includes a low fixed interest rate and a term of 36 years.
The new community offers accommodations for 30 residents in memory assistance, 30 residents in a wing with high visual acuity, 60 residents in short-term rehabilitation and private suites, and 120 residents in traditional long-term care.