SixCap Healthcare Finance closed a $2 million asset-based revolving line of credit for a Florida-based skilled nursing facility operator.
The financing provides additional working capital to support the company’s ongoing operations and future growth initiatives. The transaction was completed in conjunction with a real estate acquisition financing provided by a lending partner, creating a coordinated capital solution that addressed both the operator’s working capital and real estate needs.
“Healthcare operators often require multiple capital solutions to successfully execute their growth strategies,” Ed Kauffman, co-founder and executive vice president of business development at SixCap Healthcare Finance, said. “We were pleased to work alongside a real estate lending group to provide a coordinated financing solution that supported both the acquisition and the company’s ongoing working capital needs. Transactions like this highlight the value of collaboration among experienced healthcare finance providers and ensure operators have the capital they need to continue investing in their facilities, employees and residents.”
