Capital One secures $213.5 million loan
Capital One Bank announced this month it was a joint book runner on a $213.5 million secured term loan to FC Ranger Acquisition, LLC. This was for the acquisition of 26 senior housing properties, which includes 394 memory care beds.
The facilities are in Oregon, Washington, Texas, California, Colorado and Tennessee. Capital One Bank will hold $100 million of the term loan. Formation Capital, a private investment firm, was the sponsor behind FC Ranger Acquisition.