Oxford Finance Closes $113.8 Million Senior Debt with Healthcare Services Companies
ALEXANDRIA, Va., Aug. 20, 2014 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it recently closed $113.8 million in transactions with multiple healthcare operators. Proceeds of the loans were used to acquire skilled nursing facilities and for working capital.
Recipients of the loans were:
Continuum Healthcare LLC – Real Estate Debt, $66.3 million & Revolving Line of Credit, $7 million
FNR Healthcare, LLC – Real Estate Debt, $17 million & Revolving Line of Credit, $2.5 million
Pritok Capital – Real Estate Debt, $12.4 million & Revolving Line of Credit, $1.5 million
Synergy Health Centers – Real Estate Debt, $6.1 million & Revolving Line of Credit, $1 million
"Oxford is pleased to expand our existing relationships with such well-respected operators as Continuum Healthcare and Pritok Capital, and establish new relationships with FNR Healthcare and Synergy Health Centers," said Christopher A. Herr, managing director for Oxford Finance. "Each of these firms has a proven track record of running successful facilities and providing caring environments for seniors."
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $2 billion in loans, with lines of credit ranging from $500 thousand to $75 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts, Illinois and North Carolina. For more information visit www.oxfordfinance.com.
SOURCE Oxford Finance LLC