Capital One Arranges $242.7M Financing for 18-Property Recapitalization

SEATTLE — Capital One has acted as lead arranger, bookrunner and administrative agent on a $242.7 million senior secured term loan for a joint venture managed by Seattle-based alternative investment firm Columbia Pacific Advisors. 

The proceeds of the loan were used to facilitate the recapitalization and acquisition of a portion of the joint venture’s assets, including 18 seniors housing facilities in 11 states. The names and locations of the properties were not disclosed.

The 2,310-bed portfolio consists of 196 independent living, 1,257 assisted living, 378 memory care and 479 skilled nursing beds.

More News