CLOSING ANNOUNCEMENT: $78,025,000 Skilled Nursing Portfolio Financing

Capital Pointe Advisors is pleased to announce the closing of a $78,025,000 Skilled Nursing Portfolio financing. The complex structure involved several components, including: the refinance of existing debt, $10,000,000 in construction/expansion funds, $6,500,000 in acquisition financing and an operating line of credit (no borrowing base requirement).

All fees and transaction costs were included in the financing and the Client realized equity proceeds at closing.

The transaction was attractively priced at L+235bps, with a swap rate of 3.80%, a 7-year term with 25-year amortization, 50bps bank fee and a simple fixed charge covenant structure.

Capital Pointe was instrumental in structuring the overall transaction, securing a lead bank, and bringing participants to the table, resulting in lower syndication/arrangement fees for our Client.

Please contact Nancy Herman or Keith Baron for additional information:

(216) 401-2633

(216) 403-8673