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SOUTHEAST MICHIGAN — VIUM has provided $58 million in bridge-to-HUD financing for a six-building portfolio in Southeast Michigan.
The borrower, a regional owner-operator based in New Jersey, used the funds to purchase the portfolio, which features nearly 700 skilled nursing beds and more than 50 assisted living units. Further details on the seller, buyer and location were not disclosed.
VIUM provided financing via senior debt and mezzanine tranches.