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ALABAMA — Helios has structured the sale and acquisition financing of an assisted living and memory care community in Alabama.
A Mississippi-based regional owner-operator, Veritas InCare, sold the asset to a local owner-operator. The price and other details were not disclosed.
Despite the community’s strong performance, dislocation in the debt markets and low liquidity impacted the buyer’s ability to use its existing lending relationships to fund the purchase. Helios stepped in to assist the buyer and structured a financing package with a regional lender that recapitalized the buyer’s existing community to unlock equity, while simultaneously providing the acquisition financing for the target.