Skilled Nursing News November 23, 2022
VIUM Capital announced that it closed on a $136,784,000 bridge loan in October that will be used to acquire the real estate of 17 Indiana-based skilled nursing facilities.
The deal marked one of VIUM’s largest single transactions to date under time pressure and without the need for syndication or partnership, according to Executive Managing Director Steve Kennedy.
The client involved was ultimately interested given a “uniquely strong” tenant and the quality of the operations, according to VIUM.
“The combination of those factors will make for a strong real estate investment and an attractive financing for HUD to ultimately insure,” Kennedy said in a statement.
VIUM’s month of October also included three other transactions, bringing the total for the month to...
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