George Smith Partners identified a national portfolio bridge lender providing non-recourse debt from $5,000,000 to $50,000,000 on various healthcare assets including: senior housing, assisted living, skilled nursing facilities, and medical office. On-book transactions are sized to 85% of cost with pricing from 400 over LIBOR for a 5 year term. With the ability to fund at a below break-even debt coverage or zero cash flow at close, this platform targets major rehabilitation prior to a HUD loan exit.
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