Skilled nursing provider receives $22.6M in acquisition funding

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HJ Sims announced that its private lending group, along with a partner, funded a $22.625 million high-leverage first mortgage for a provider to acquire two healthcare campuses.

The deal allowed a loan equal to around 90% of the acquisition costs for the portfolio, the firm said.

The loan functions as a single debt obligation under one loan agreement and security package.

The provider has a two-year interest-only period limiting debt service expense while it implements performance improvement measures, Sims added.