Skilled Nursing News August 9, 2024
CIBC Bank USA, a Greystone Monticello affiliate, and other co-lenders provided 980Investments with $137 million to refinance a nursing home portfolio.
980Investments is owned by Simcha Hyman and Naftali Zanziper, and the 1,135-bed portfolio is located in North Carolina.
CIBC additionally provided a $6.5 million revolving line of credit to support the ongoing operations of a third-party tenant, according to Matthew Tyler, managing director of healthcare for CIBC.
Financing was handled on behalf of CIBC by Tyler and Neal Netzel, and on behalf of Greystone by Karina Davydov and Danny Sweeney.
NHC Adds White Oak Portfolio
National Healthcare Corporation (NYSE American: NHC) on Aug. 6 completed the acquisition of the White Oak Senior Living portfolio, which consists of 15 skilled...
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