The Oxford Finance Healthcare Real Estate Group closed more than $347 million in transactions during the second and third quarters this year, bringing the total commitments year-to-date to more than $636 million, the company announced Thursday.
Earlier this month, Alexandria, VA-based Oxford closed a $124.75 million senior credit facility for the acquisition of four Autumn Lake Healthcare skilled nursing facilities. The transaction was Oxford’s largest deal of the period reported, the company said.
Autumn Lake Healthcare maintains a network of independently owned and operated nursing homes and rehabilitative care centers across Connecticut, New Jersey, Maryland, West Virginia and Wisconsin.
“We are pleased with yet another opportunity to support Autumn Lake, a longstanding Oxford borrower,” Tracy S. Maziek, head of healthcare services at Oxford Finance, said in a statement. “The Autumn Lake team has a demonstrated history of clinical excellence, and we are confident they will provide compassionate care to patients in these new facilities.”
In Texas, Oxford provided a $26.2 million term loan and $3 million revolving line of credit to finance the acquisition of three SNFs.
In California, Oxford supplied a $9 million revolving line of credit to finance working capital needs for seven SNFs.
Oxford also provided a $36.8 million term loan and an $8 million revolving line of credit to finance the acquisition of one SNF in Florida.
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