First Citizens Bank Arranges $260M in Financing for 12-Property Skilled Nursing Portfolio in Maryland

by Jeff Shaw

MARYLAND — First Citizens Bank has served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland.

The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities with investments in over 24 states.

The licensed facilities represent more than 1,500 skilled nursing beds.

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