Health

Monticello's $ 97.2M Expert Nursing Portfolio Deal; Dwight Capital's $ 14 Million Refinance – Expert Nursing Information

MONTICELLOAM, LLC provided $ 97.2 million in debt financing to purchase a portfolio of five skilled nurses in Virginia, the New York City-based lender announced this week.

With the deal, the nameless buyer – an owner-operator – expanded its existing portfolio of more than 1,100 qualified care beds by 856 beds.

MONTICELLOAM's asset-based credit group, Monticello Commercial Capital, also provided the operating companies in the portfolio with a working capital loan of USD 8 million.

Dwight Capital closes $ 14 million refinancing

Dwight Capital supported the $ 14 million refinancing of Victoria Falls, a 164-bed nursing and assisted living campus in Andover, Kan. Through the Department of Housing and Urban Development (HUD) program 232/233.

The assisted living and qualified care buildings built in 2004 and 2010 are located on 7.2 hectares with a total of 106,660 square feet of living and care space.

Clint Miller, vice president of health finance at Dwight Capital in New York City, launched the deal.

Newmark Knight Franks 868-bed sale in Arkansas

Real estate services company Newmark Knight Frank announced the sale of six qualified care facilities in Arkansas earlier this month on behalf of CNL Healthcare Properties, Inc., a non-traded real estate investment trust (REIT) based in Orlando, Florida.

With an average physical plant age of 30 years and an average occupancy rate of around 80%, the portfolio consists of buildings in Batesville, Jonesboro, Magnolia, Nashville, Searcy, and West Memphis, Ark.

The unnamed buyer, a private healthcare company with other Arkansas properties, added 868 beds to its portfolio.

David Fasano and Ross Sanders, Newmark Knight Frank's Senior Housing Investment Sales Team, completed the transaction for the Dallas-based company.

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