Capital Finance announces credit lines, deals
Capital Finance LLC has announced a revolving line of credit to Knoxville Healthcare LLC. It is the sole lender in the $2 million deal.
Knoxville Healthcare is a 222-bed skilled nursing facility in Knoxville, TN. The company also announced two successful transactions: A Bridge-to-HUD loan for the acquisition of Hidden Oaks Assisted Living and a Bridge-to-HUD loan for the cash out refinance of Lamplight Inn of Fort Wayne. The first deal is for $5.36 million; the second for $7.8 million.
Hidden Oaks Assisted Living is a 110-bed assisted living facility in Fort Myers, FL, and Lamplight Inn is an 146-bed assisted living facility in Fort Wayne, IN.