MidCap Financial, a commercial finance company focused on middle market transactions, recently closed a transaction with post-acute healthcare provider Avalon Health Care Group.
The $33 million floating rate first mortgage loan facilitated the acquisition of a lease purchase option of a five-property skilled nursing portfolio located in Oregon. In addition to providing the capital to exercise its purchase option, MidCap’s HUD team will work with Avalon to immediately begin the refinance process with HUD.
