IDB Bank Arranges $201.5 Million of Financing to Benefit a National Portfolio of Skilled Nursing Facilities
"As an active lender in the Healthcare space, we continue to leverage our unique market position and customized financing solutions to execute for our clients. Serving as Administrative Agent on the successful syndication of this transaction further demonstrates the bank's capabilities as we continue to grow our Healthcare platform," said
Under Palermo's leadership, the deal was additionally executed by John Bertolozzi, SVP of Commercial Loan Syndications and
As Administrative Agent, IDB will hold
Recent Healthcare Deals:
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January 2024 : IDB served as the Sole Lender, refinancing$48 million of debt to aMaryland -based behavioral health provider. The deal was facilitated byMichael Palermo andThierry Decembre . -
February 2024 : IDB served as Senior Lender in a$10.4 million construction financing deal toTriStar Realty on behalf of Encore atVentana , a 20,000 square foot medical office building. The deal was facilitated byTom Belli , SVP andHead of California Healthcare , and signals the Bank's strategic entry into healthcare construction lending. -
May 2024 : IDB served as Sole Lender in an$18.5 million term loan to facilitate the acquisition of aFlorida -based skilled nursing facility. The deal was facilitated byMichael Palermo andThierry Decembre .
About
For 70 years IDB Bank has built its business by fostering deep relationships with its clients, rapid decision-making, and the ability to develop custom-tailored solutions for both its domestic and international clientele.
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