White Oak Healthcare Finance acquired an approximate $700 million portfolio of skilled nursing and seniors housing loans from Capital One Healthcare and its participant banks.
Capital One provided debt financing for the transaction. Financial terms of the transaction were not disclosed.
“This transaction further validates our commitment to the sector and establishes us as an industry leader,” said White Oak’s Managing Director and Partner Isaac Soleimani. “Our team has significant experience in healthcare real estate and, with this transaction, we continue our rapid growth as we become one of the largest lenders in the space. Capital One and their talented real estate team have been valued partners of White Oak and we are excited to continue growing the relationship.”
“We have a great relationship with the team at White Oak and worked closely with them to structure a mutually beneficial deal,” said Jim Seymour, senior managing director, Capital One Healthcare. “This transaction enables them to continue their aggressive growth strategy and for Capital One, it presented a great opportunity for us to change the nature of some of our skilled nursing exposure and to continue our commitment to the sector. We look forward to working with White Oak again in the future.”
White Oak Healthcare Finance, an affiliate of White Oak Global Advisors, is a lender to all subsectors within the healthcare industry, including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs.