SixCap Healthcare Finance closed a $10.5 million asset-based lending facility for a Florida-based group of skilled nursing facilities. The financing will provide the new operators with working capital and ongoing liquidity support to the borrower as it assumes ownership of the existing portfolio.
The credit facility was structured to support the borrower’s operational needs while providing flexibility for future growth initiatives.
“We are excited to support this team of experienced skilled nursing operators with a financing solution tailored to the realities of the healthcare industry,” Ed Kauffman, co-founder and senior vice president of asset-based lending at SixCap, said. “Healthcare businesses often require thoughtful structuring, responsiveness and a lending partner that understands the operational dynamics behind the numbers. This transaction reflects SixCap’s commitment to delivering flexible capital solutions and building long-term relationships with healthcare operators.”
