First Citizens Bank Arranges $260 Million in Financing for Skilled Nursing Facilities
The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities with Investments in over 24 states.
These specific licensed facilities represent more than 1,500 skilled nursing beds, which typically offer care to individuals who need rehabilitation from injury, wound care or who suffer from serious or persistent health issues requiring 24-hour medical attention.
"Skilled Nursing is a critical piece of the post-acute spectrum of care, and we are pleased to have supported this financing on behalf of a new client," said
"Our team quickly understood the key needs and priorities and were able to leverage First Citizen's sector knowledge to ensure a smooth execution. We were able to deliver on the promises we made," said
First Citizens Healthcare Finance provides comprehensive financing and banking solutions to middle market healthcare companies across the
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