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ALEXANDRIA, Va. — Oxford Finance LLC, an Alexandria-based specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, provided $867 million in healthcare real estate loans in 2022.
The total was an annual record for the company’s Healthcare Real Estate Group, which closed a total of 14 transactions, with credit facilities ranging from $9 million to over $124 million.
Highlights included:
- Oxford provided an $80.8 million term loan and an $8.5 million revolving line of credit to finance the acquisition of four healthcare campuses comprised of skilled nursing, assisted living and independent living units for an experienced Midwestern operator.
- Oxford provided a $115.5 million term loan and $9 million revolving line of credit to finance the acquisition of seven skilled nursing facilities containing 906 beds in Florida for an experienced East Coast-based operator.
- Oxford supplied a $9 million revolving line of credit to finance working capital needs for seven skilled nursing facilities for an expanding California-based operator.
- Oxford’s largest deal of the year included a $124.8 million term loan to finance the acquisition of four skilled nursing facilities consisting of 520 beds for a large operator.
- Oxford provided a $77.8 million term loan and a $9 million revolving line of credit to finance the acquisition of four skilled nursing facilities containing 540 beds in Florida for an experienced East Coast-based operator.
- Oxford provided a $23 million term loan and a $5 million revolving line of credit to finance the acquisition of five skilled nursing facilities containing 450 beds for an experienced Massachusetts-based operator.