Capital One announces $16.3 million SNF loan
Capital One announced a $16.3 million loan to PruittHealth for three skilled nursing facilities and an ICF-MR (Intermediate Care Facility for those with mental retardation) in Georgia, along with a SNF in North Carolina.
Pruitt Health, a long-time client of Capital One, has more than 90 long-term care facilities in the southeastern United States.
Four of the properties are in Valdosta, GA, while PruittHealth Durham is in Durham, N.C.
“We work with Capital One because of the team's long experience in the healthcare industry,” said Dominic Romeo, PruittHealth's Senior Vice President and Treasurer. “The expertise they bring to each transaction, along with the innovative financial solutions they offer, will help us reach our strategic goals for these properties.”