Daily News: August 7, 2019

White Oak Provides $81MM Facility to Support GMF Capital NH Refi


White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a $66 million senior credit facility for GMF Capital.

The funds were used to refinance a portfolio of 14 skilled nursing facilities concentrated in Ohio and Kentucky. As part of the transaction, White Oak also provided a $15.0 million line of credit to the operating company.

“GMF is a well-respected investor in the healthcare real estate sector with deep domain expertise,” said Ross Eldridge, managing director at White Oak. “We were able to offer a competitive structure to help GMF execute their business plan, and we are excited to grow this strategic partnership as we continue to be an active lender in the healthcare industry.”

GMF is an investment management platform engaged in private equity and alternative investments across real estate, healthcare, and structured credit.

“White Oak continues to be one of our preferred lending partners that demonstrates their flexible capital with their ability to cater to customers’ unique business needs.” said Dan O’Keefe, managing director and head of Healthcare at GMF. “