Lument Securities Arranges Sale of Summit View of Rocky Top Skilled Nursing Facility in Tennessee

by Jeff Shaw

ROCKY TOP, Tenn. — Lument Securities has arranged the sale of Summit View of Rocky Top, a 117-bed skilled nursing facility in Rocky Top, a suburb of Knoxville.

The seller was a private long-term care operator based in Tennessee. The buyer and price were not disclosed.

Laca Wong-Hammond and Isabel Carta led the transaction for Lument Securities.

Summit View of Rocky Top offers a broad range of services, including short-term rehabilitation and traditional nursing care, along with an 18-bed behavioral health hospital.

In recent years, Summit View experienced financial and operational difficulties as a result of the COVID-19 pandemic and its lingering effects. Given the continued pressures of maintaining debt service and other loan obligations that became increasingly burdensome, the borrower strategized with Lument Securities and Lument’s asset management team to find an outcome where all sides would benefit.

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