Contemporary Provides $1.4M Mezzanine Loan for Skilled Nursing Acquisition in North Carolina

HENDERSONVILLE, N.C. — Contemporary Healthcare Capital has provided a $1.4 million mezzanine loan to affiliates of The Portopiccolo Group for the acquisition of a skilled nursing facility in Hendersonville.

The 73,000-square-foot property features 134 licensed beds. CoastalStates Bank provided the accompanying senior loan.

The Contemporary and CoastalStates loans were utilized for the acquisition and included approximately $600,000 for future facility renovations and upgrades.