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White Oak Healthcare Finance Provides $241MM Financing for a 19 Facility Skilled Nursing Portfolio

October 02, 2019, 08:40 AM
Filed Under: Nursing Facilities

White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as administrative agent and lead lender on the funding of a $241 million senior credit facility secured by 19 skilled nursing facilities diversified across 6 states. The total portfolio comprised over 2,000 beds.

“White Oak continues to be bullish on skilled nursing and continues to look for opportunities to back sophisticated investors and best-in-class operators. Our client is a well-respected investor and brought us a complex transaction.  Through our deep domain expertise, we structured a mutually beneficial transaction,” said Isaac Soleimani, Managing Director and Partner at White Oak. “We strive to provide flexible capital that meets the financing needs of both owners and operators. This portfolio was a great fit for our platform.”

Year to date, White Oak has closed $1.1 billion in investments and financings to the skilled nursing and seniors housing sectors.  The transactions have spread across 15 states and have been comprised of over 13,000 beds and units.

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