Oxford’s Healthcare Real Estate Group closed over $347 million of transactions during Q2 & Q3 of 2022, bringing the total commitments YTD to over $636 million.
Despite the uncertain economic environment and fluctuating competitive landscape, Oxford Finance remains committed to providing customized, relationship-driven solutions to the healthcare real estate market.
Q2 & Q3 2022 Highlights
· Texas Acquisition: Oxford provided a $26.2 million term loan and $3.0 million revolving line of credit to finance the acquisition of three skilled nursing facilities containing 391 beds in Texas for an experienced Texas-based operator.
· West Coast Revolving Line of Credit: Oxford supplied a $9.0 million revolving line of credit to finance working capital needs for seven skilled nursing facilities for an expanding California-based operator. · Kansas Sale/Leaseback: Oxford provided a $52.0 million term loan in support of a sale/leaseback for 16 skilled nursing facilities containing 910 beds primarily located in Kansas for an experienced real estate investor. · Texas Acquisition: Oxford provided an $87.5 million term loan to support the acquisition of nine skilled nursing facilities consisting of 1,059 licensed beds in Texas for an experienced healthcare real estate investor. · Maryland Acquisition: Oxford’s largest deal of the period included a $124.8 million term loan to finance the acquisition of four skilled nursing facilities consisting of 520 beds for a large operator. · Florida Acquisition: Oxford provided a $36.8 million term loan and $8.0 million revolving line of credit to finance the acquisition of one skilled nursing facility in Florida for an experienced East Coast-based operator.
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