Oxford Finance announced the closing of a $7.29 million senior secured term loan and a $1 million revolving line of credit with Birchwood Health Care Properties. Proceeds from the loan are being used for working capital and to purchase four skilled nursing facilities in Kansas.

“The Birchwood team has a strong track record of selecting quality assets for its growing portfolio, and in Kansas they have joined forces with a well-regarded management company,” said Tracy S. Maziek, managing director at Oxford Finance. “We appreciate the opportunity to support this partnership.”

“We are excited about our new relationship with Oxford Finance,” said Isaac Dole, founder and managing principal at Birchwood Health Care Properties. “We were impressed with Oxford’s entrepreneurial approach and ability to execute on a very unconventional transaction.”