BHI, a full-service commercial bank, closed on a $42.5 million term loan for TL Management, a company that owns skilled nursing facilities across the country.
“The TL team was incredibly professional to work with and their experience and knowledge of the business shines through. We look forward to working with them on this financing and to establishing a long-term relationship for the future. This transaction is part of BHI’s continuous growth in the category and our strategy for further expansion in the healthcare sector going forward,” Tami Antebi, senior vice president and head of healthcare for BHI, said.
“We view TL Management as a premier owner and a prestigious new addition to our roster of healthcare clients,” Steven Caligor, BHI division executive of commercial real estate and healthcare, said. “We are pleased to have executed this transaction and look forward to assisting TL with its future financing needs. We also extend our thanks to Meridian Capital for its role in referring us the loan opportunity.”