CINCINNATI and BRUNSWICK, Ohio — Dwight Capital has provided a total of $14.2 million in bridge and mezzanine financing for two skilled nursing facilities in Ohio.
The properties are Meadows Health Care Center, a 99-bed facility in Cincinnati, and Willowood Care Center, a 100-bed facility in the Cleveland suburb of Brunswick.
The bridge loans equated to an approximately 77 percent loan-to-value ratio, with the mezzanine financing increasing that to 85 percent.
The loan amounts equated to $6.8 million for Meadows Health Care Center and $7.4 million for Willowood Care Center. The borrower and use of the funds were not disclosed.