ALEXANDRIA, Va., Nov. 18, 2015 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $7.29 million senior secured term loan and a $1 million revolving line of credit with Birchwood Health Care Properties ("Birchwood"). Proceeds from the loan are being used for working capital and to purchase four skilled nursing facilities in Kansas.
"The Birchwood team has a strong track record of selecting quality assets for its growing portfolio, and in Kansas they have joined forces with a well-regarded management company," said Tracy S. Maziek, managing director at Oxford Finance. "We appreciate the opportunity to support this partnership."
"We are excited about our new relationship with Oxford Finance," said Isaac Dole, founder and managing principal at Birchwood Health Care Properties. "We were impressed with Oxford's entrepreneurial approach and ability to execute on a very unconventional transaction."
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 and North Carolina. For more information visit www.oxfordfinance.com.
About Birchwood Health Care Properties
Birchwood is a Chicago-based health care real estate private equity firm with a primary focus on senior housing and nursing home assets. With deep industry relationships, access to capital, and entrepreneurial structuring capability, Birchwood intends to capitalize on the highly fragmented and dynamic nature of the industry through ongoing acquisitions and development.
SOURCE Oxford Finance LLC