Oxford Finance LLC said it had closed a $7.29 million senior secured term loan and a $1 million revolving line of credit with Birchwood Health Care Properties. The loans are being used for working capital and to purchase four skilled nursing facilities in Kansas.
“The Birchwood team has a strong track record of selecting quality assets for its growing portfolio, and in Kansas they have joined forces with a well regarded management company,” said Tracy S. Maziek, managing director at Oxford Finance.
Birchwood is a Chicago-based healthcare real estate private equity firm.
