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White Oak Healthcare Finance Provides $110MM Financing for a 9 Facility Skilled Nursing Portfolio

December 10, 2020, 08:28 AM
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White Oak Healthcare Finance announced it acted as administrative agent and sole lender on the funding of a $110 million senior credit facility secured by 9 skilled nursing facilities in Virginia. The total portfolio comprised over 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,” said Isaac Soleimani, Chairman and Chief Executive Officer at White Oak. “We strive to provide flexible capital that meets the financing needs of both owners and operators.”

To date, in the second half of 2020, the White Oak real estate platform has closed over $300 million in financings.

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