White Oak Healthcare Finance is providing more than $240 million in funding for a portfolio of 19 skilled nursing facilities, the company announced Tuesday.
The company announced it was the sole lender and administrative agent for the funding of a $241 million senior credit facility. The funding was secured for 19 SNFs across six states. The facilities comprise more than 2,000 beds overall.
“White Oak continues to be bullish on skilled nursing and continues to look for opportunities to back sophisticated investors and best-in-class operators,” Isaac Soleimani, managing director and partner at White Oak, said in a statement.
“We strive to provide flexible capital that meets the financing needs of both owners and operators. This portfolio was a great fit for our platform.”