Financial companies announce deals
Several companies announced deals or closings in the past week:
• Ziegler announced the successful closing of the $14,840,000 tax-exempt, fixed-rate Presbyterian Retirement Communities Northwest Series 2013 Bond issue. Presbyterian Retirement Communities Northwest is a Washington not-for-profit corporation.
• GE Capital, Healthcare Financial Services, announced that it provided $89 million in senior secured financing to MB Real Estate. The financing will be used to support the purchase of a medical office building in Atlanta. MB Real Estate has its headquarters in Chicago.
• Fifth Street Finance Corp. has acquired Healthcare Finance Group LLC for $114 million. Fifth Street said it expects the acquisition to be immediately accretive to net investment income. HFG's new chief executive officer will be Dan Chapa, who was previously HFG's president, and the senior management team will have a “meaningful ownership stake,” according to Fifth Street.
• KeyBank Real Estate Capital recently closed two HUD 232(a)(7) loans in Maine and Texas. The first was a $12.5 million loan for Williamsburg Village Health Center, a 242-unit skilled nursing facility in Desoto, TX. The second was $8.5 million for Mid Coast Senior Health Center, a 100-unit skilled nursing and assisted living/memory care community in Brunswick, ME.