Eagle Group Finance announced it has provided a local investor called Vista del Sol Propco LLC with a $3.1 million loan for the acquisition of Vista del Sol, a skilled nursing and assisted living facility in Culver City, CA.
The facility, built in 1956, has eight assisted care resident cottages and 50 skilled nursing beds.
The interest-only loan has an initial term of a year, with a one-year extension.
“There is a significant shortage of quality nursing care, hospice and assisted living facilities, in West Los Angeles,” said Eagle Group Finance President Brian Good. “The borrower has proven himself as a skilled operator providing exemplary patient care and is building a significant portfolio to meet that need.”
