Daily News: September 26, 2018

Great Rock Closes $10MM Facility to Healthcare Provider


Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, closed a $10 million credit facility to a skilled nursing and assisted living provider that operates 64 facilities in the Southwest.

Great Rock Capital’s investment โ€“ $10 million of a $20 million credit facility โ€“ marks the firm’s first underwriting in the healthcare industry.

“We are pleased to partner with an experienced healthcare lender on this transaction,” said Stuart Armstrong, CEO of Great Rock Capital. “This investment is Great Rock Capital’s first opportunity to provide growth capital to a customer in the healthcare industry, an industry we are targeting to help fuel our future growth.”

Great Rock Capital is an asset-focused commercial finance company specializing in serving the needs of middle-market companies with a wide variety of secured lending products.