Forbright Bank Provides $50M in Financing for Four Seniors Housing Properties

by Jeff Shaw

CHEVY CHASE, Md. — Forbright Bank’s healthcare lending team closed three new loans in the first quarter of 2024. The loans helped finance the acquisition of two assisted living and two skilled-nursing facilities in the Southeast and Midwest.

In total, more than $50 million of bridge and bridge-to-HUD lending financed about 500 beds for seniors across the four facilities.

Further details were not disclosed.

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