PORTLAND, Ore. — Live Oak Bank has provided financing to Frontier Management and its affiliates in connection with the buy-out of a 50 percent interest in the company held by an institutional private equity investor.
Finance
SunTrust, Ziegler Arrange $71M Loan for Quality Life Services Expansion in Pennsylvania
by Jeff Shaw
BUTLER, Pa. — SunTrust has served as joint lead arranger and Ziegler as placement agent for a $71 million refinancing for Quality Life Services. The Butler-based healthcare services company will use the funds for an expansion of its communities, which include skilled nursing facilities and continuing care retirement communities (CCRC).
EVANS, Ga. — BMO Harris Bank’s Healthcare Real Estate Finance group has closed on $28 million in financing. The borrowers, TH Real Estate and LCS, will use the funds to acquire Brandon Wilde, a continuing care retirement community in the Augusta suburb of Evans.