MARYLAND — First Citizens Bank has served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland.
The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities with investments in over 24 states.
The licensed facilities represent more than 1,500 skilled nursing beds.
The post First Citizens Bank Arranges $260M in Financing for 12-Property Skilled Nursing Portfolio in Maryland appeared first on Seniors Housing Business.