FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Capital One Provides $63.8MM Secured Term Loan in Healthcare Facilities Acquisition

January 23, 2013, 07:15 AM
Filed Under: Healthcare

Capital One Bank announced it arranged a $168.8 million five-year term loan to a healthcare real estate entity to facilitate the acquisition of the property underlying 25 skilled nursing facilities in Alabama, Florida and Mississippi. Capital One Bank acted as the lead agent on the financing, providing a $63.8 million secured term loan.

The 25 skilled nursing facilities were acquired by a newly formed, privately-held entity, and are triple net leased to affiliates of Gulf Coast Healthcare, LLC. The skilled nursing facilities feature over 3,200 beds and offer a full suite of nursing and long-term care services including physical therapy, occupational therapy, speech therapy, dietary management, pain management and Alzheimer’s care, among other rehabilitation treatments.

Capital One Bank’s Healthcare team partners with clients in the healthcare and long-term care industries by providing real estate loans, enterprise term loans and revolving lines of credit to address their capital needs. Capital One Bank’s Commercial and Specialty Finance Business serves clients through a team of more than 200 associates who have expertise in technology, healthcare, security and defense, asset based lending, rediscount finance, municipal finance and equipment leasing and finance.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.