Closing $80+ MM in Healthcare Transactions Since December,
Dwight Capital Continues Solid Growth in 2019
Dwight Capital finished 2018 strong and carried that momentum into 2019, having closed $80+ MM in healthcare transactions over the past couple of months.
$5.3 MM bridge loan on Fox Glove Center, a 109-bed Skilled Nursing Facility ("SNF") in Atlanta, GA
$22.7 MM bridge loan on Graceland Rehabilitation & Nursing Center, a 240-bed SNF in Memphis, TN
$3.7 MM bridge loan on Kenwoodview Health and Rehabilitation Center, a 82-bed SNF in Salia, KS
$13.2 MM bridge loan for an Ohio SNF Portfolio including Fairlawn Rehab & Nursing Center, Lima Acres Rehab & Nursing Center and Cedars of Lebanon Rehabilitation & Nursing Center totaling 256 beds.
Dwight Capital also arranged the refinancing for Landmark at Oceanview, a 90-bed Assisted Living Facility located in Beverly, MA. The $13 MM loan proceeds were used to retire existing bank and partnership debt, as well as provide a cash-out to the borrower. Additionally, Dwight arranged a $4 MMreal estate and construction loan for 43-bed substance abuse treatment facility in Concord, MA for Landmark Recovery, and a land & construction loan for an 88-bed memory care facility in Los Angeles County for $22M.