Daily News: August 2, 2013

Oxford Provides $7.2MM Debt Financing to Pritok Capital

Oxford Finance announced that it closed a $7.2 million senior secured term loan with Pritok Capital. Proceeds of the term loan were used to acquire Nentwick Care Center, a 100-bed skilled nursing facility located in East Liverpool, OH.

“Oxford is very pleased to provide capital to Pritok for the acquisition of Nentwick Care Center,” said Christopher A. Herr, managing director for Oxford Finance. “Pritok has a strong investment platform for acquiring high quality seniors housing assets nationally, and we look forward to partnering with them on future transactions.”

“The Oxford team has been incredible to work with, and I was very impressed by their professionalism, integrity, focus and expertise,” said Max Stesel, managing partner and founder of Pritok Capital. “Oxford’s ability to get to the closing in a quick and efficient manner is truly unparalleled.”

Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide.

Pritok Capital is a private equity group that specializes in investments in senior care real estate.