Oxford Finance announced the closing of a $7 million senior secured term loan and a $1 million revolving line of credit with Shady Shores Communities. Proceeds from the loan are being used to acquire four skilled nursing facilities in Texas.

“Oxford is pleased to have the opportunity to broaden its ongoing business relationship with Michael G. Wallace and the Shady Shores management team,” said Tracy S. Maziek, managing director at Oxford Finance. Wallace has many years of executive-level experience in the skilled nursing field and a deep understanding of his market.”

Maziek and his team at Oxford were the obvious choice as a financial partner for our new company. We look forward to growing our relationship in the years to come,” said Michael G. Wallace, chief executive officer of Shady Shores Communities.

Alexandria, VA-based Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide.