Oxford Finance announced that its Healthcare Real Estate Group closed a strong first half of 2023, providing total capital commitments of approximately $200 million in six transactions.

As increasing interest rates and challenges in the traditional banking sector have strained capital availability, Oxford Finance remains committed to providing customized, relationship-driven solutions to the healthcare real estate market, with an active pipeline for the remainder of 2023.

Select transactions completed in H1-2023 include:

Texas Revolving Line of Credit: Oxford provided a $14.25 million revolving line of credit to finance working capital needs for 29 skilled nursing facilities for an expanding Texas-based operator. The credit facility also includes an accordion feature that would allow the borrower to increase the line limit to $27.25 million.

Pennsylvania Recapitalization: Oxford provided a $34.1 million term loan, a $2.5 million mezzanine loan, and a $2.0 million revolving line of credit to recapitalize two skilled nursing facilities and one personal care home containing 168 beds for an experienced Pennsylvania-based operator.

California Acquisitions: Oxford provided a $56.5 million term loan and $6.0 million revolving line of credit to support the acquisition of two behavioral health facilities consisting of 335 licensed beds in southern California for an experienced California-based operator.

In a separate transaction, Oxford provided the same operator with a $16.6 million term loan and $3.0 million revolving line of credit to finance the acquisition of two skilled nursing facilities in northern California consisting of 227 licensed beds.

Illinois Acquisition: Oxford provided a $53.9 million term loan and a $5.0 million revolving line of credit to finance the acquisition of 11 skilled nursing facilities and one independent living facility consisting of 1,080 beds for a growing Illinois-based operator.