RED Provides $36.5M Acquisition Loan for Skilled Nursing Facility in New York

by Jeff Shaw

SYRACUSE, N.Y. — Red Capital Partners, the proprietary debt and equity banking arm of lender Red Capital Group, has provided a $36.5 million loan to Investment360 for the acquisition of James Square Health and Rehabilitation Centre, a skilled nursing facility in Syracuse.

Excelerate Healthcare will operate the 440-bed facility as part of a long-term lease with Investment360.

The loan is a high-leverage bridge loan to a HUD refinance.

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