White Oak Healthcare Finance acted as administrative agent and lead lender on the funding of a $241 million senior credit facility secured by 19 skilled nursing facilities across six states.
The total portfolio comprised over 2,000 beds.
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“White Oak continues to be bullish on skilled nursing and continues to look for opportunities to back sophisticated investors and best-in-class operators. Through our deep domain expertise, we structured a mutually beneficial transaction,” said Isaac Soleimani, Managing Director and Partner at White Oak.
Year to date, White Oak has closed $1.1 billion in investments and financings to the skilled nursing and seniors housing sectors.
