White Oak Healthcare Finance acted as administrative agent and sole lender on the funding of a $110 million senior credit facility for nine skilled nursing facilities in Virginia. The total portfolio is comprised of more than 1,000 beds.
“White Oak continues to seek opportunities to partner with seasoned, sophisticated investors in the skilled nursing sector. Though the current operating environment is challenging, we recognize the importance of skilled nursing in the post-acute continuum of care and are proud to support best-in-class operators as they care for the most vulnerable patients in a difficult time. Our client, a well-respected real estate investor, had confidence in White Oak to execute on a large, complex transaction during one of the most challenging times in the industry,” Isaac Soleimani, chairman and CEO at White Oak, said. “We strive to provide flexible capital that meets the financing needs of both owners and operators.”
White Oak Healthcare Finance, an affiliate of White Oak Global Advisors, is a lender to subsectors within the healthcare industry, including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs.
