CHC Provides $2M Mezzanine Financing for Skilled Nursing Acquisition in Roanoke

ROANOKE, Va. — Contemporary Healthcare Capital (CHC) has provided $2 million in mezzanine financing for the acquisition of a skilled nursing facility in Roanoke.

The borrowers are affiliates of The Portopiccolo Group LLC. The 130-bed facility includes a 24-bed accredited ventilator unit. 

Blairsville, Georgia-based United Community Bank provided the accompanying senior loan, with a participation sold to Chattanooga-based Millennium Bank. 

Proceeds of the loan included approximately $1 million for future facility renovations and upgrades.