The group closed a total of 14 transactions, with credit facilities ranging from $9 million to over $124 million in 2022. Despite the uncertain economic environment and fluctuating competitive landscape, Oxford Finance remains committed to providing customized, relationship-driven solutions to the healthcare real estate market.
Despite challenges, HRE fundamentals remain strong, says Revista, a data firm that provides a wide variety of statistics on the HRE sector. Revista’s recent data reaffirms that the medical office building market continues to be strong in the HRE sector.
Featured among the transactions are bridge loans for a Skilled Nursing Facility (“SNF”) Portfolio in Florida and a SNF Portfolio in Georgia. Dwight closed a $39MM bridge loan to facilitate the acquisition of a two-property SNF portfolio in Fort Lauderdale.
Originally announced in May, the acquisition of Cornerstone is the first step in ScionHealth’s growth plan. The deal adds eight long-term care locations, 15 specialty hospitals and approximately 3,000 employees to its 28-state network.
The hospitals released the solicitation documents seeking contractors in January 2022 and have a goal of completing the project by 2028, The documents describe a new pediatric hospital with 532 beds, an emergency department, a newborn intensive care unit and services to support a new labor and delivery program.