ALEXANDRIA, VA, May 7, 2015– Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $14.5 million senior secured term loan with Autumn Lake Healthcare at Oceanview. Proceeds of the loan were used to purchase Oceanview Center for Rehabilitation, a 120-bed facility providing both short and long term care services, located in Ocean View, New Jersey.
“Oxford is pleased to provide capital to Autumn Lake Healthcare at Oceanview,” said Tracy S. Maziek, managing director for Oxford Finance. “We truly value our relationship with the owners and operators of Autumn Lake Healthcare at Oceanview and continue to be impressed with their ability to successfully operate rehabilitation and continuing care facilities.”
“It was a sincere pleasure dealing with Oxford Finance,” said Ari Stern, chief executive officer of Autumn Lake Healthcare at Oceanview. “Their keen understanding of the healthcare field and personal attention to detail helped facilitate a smooth transition. We look forward to working with them again in the future.”
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $2 billion in loans, with lines of credit ranging from $500 thousand to $75 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.
About Autumn Lake Healthcare at Oceanview
Autumn Lake Healthcare at Oceanview is a skilled nursing facility located in Ocean View, New Jersey. The owners and operators have a successful portfolio of 14 skilled nursing facilities throughout New Jersey, Connecticut and Maryland.