VIUM Funds $15.5M Bridge Loan for 120-Bed Skilled Nursing Facility in Washington State

WASHINGTON — VIUM Capital has provided $15.5 million in financing for a 120-bed skilled nursing facility in Washington.

The bridge-to-HUD loan pays off seller financing, while offering cash for capital expenditures and cash-out financing. The transaction includes $10 million in initial funding, a $1.5 million capital expenditures draw and $4 million in earn-outs in three tranches.

This is the third building of four in the borrower’s Washington portfolio, and VIUM refinanced the first two in June. Details on the property and borrower were not disclosed.