Daily News: August 27, 2014

Oxford Provides Debt Financing to Pritok Capital

Oxford Finance announced that it closed a $12.4 million senior secured term loan and a $1.5 million revolving line of credit with Pritok Capital. Proceeds of the term loan were used to purchase two skilled nursing facilities in Kansas and Missouri, and the revolver will provide working capital.

“Oxford has provided financing to Pritok on multiple occasions in the past few years, and we value and appreciate the ongoing relationship,” said Christopher A. Herr, managing director for Oxford Finance. “We are happy to support the acquisition of Pritok’s two new properties, which will be excellent additions to their current portfolio of seniors housing facilities.”

“This is the third acquisition we have completed with Oxford,” said Max Stesel, managing partner and founder of Pritok Capital. “We continue to be impressed with their professionalism and integrity. Oxford consistently meets, and on occasion actually exceeds our expectations, and dealing with the team is easy and a pleasure.”

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