Go Back to Finance + Banking

PRACTICE

Senior Housing + Skilled Nursing Facility Financing

Lenders trust us to handle their most complex financing structures for assisted living, memory care, skilled nursing, continuing care retirement communities (CCRCs), and independent living facilities. Our team represents national and regional banks as well as nonbank lenders across the full spectrum of transactions, including construction, bridge, term, and asset-based revolving loans, acquisition financing, and operating lines of credit. We are involved with transactions involving borrowers such as publicly traded and privately held companies, nonprofit borrowers, and individual owners of senior housing and skilled nursing facilities.

Read More

  • Represented an agent lender in a $400 million syndicated revolving line of credit to a publicly traded company for the construction of assisted living facilities secured by properties in multiple states under a borrowing base structure.
  • Represented a lender with a $190.5 million term loan and a $30 million operating line of credit financing the acquisition of 37 skilled nursing facilities in 11 states.
  • Represented a lender in financing 11 assisted living facilities in six New England states owned by a regional owner-operator with joint venture financing structured for compliance with Islamic law.
  • Represented a lender in a $27 million construction and interim loan to the developer (a private equity fund) of an independent living senior housing facility located in a planned community in Texas.
  • Represented a lender in a series of three cross-defaulted senior, syndicated construction loans in the aggregate amount of $117.8 million to finance the construction of an equity model continuing care retirement community located in Georgia.
  • Represented a lender in a credit facility for eight individual dual cross-collateralized loans to finance the construction of assisted living facilities in five states structured for compliance with Islamic law.
  • Represented a lender in four separate term loans secured by independent living facilities located in Nebraska, Tennessee, and Texas.
  • Represented a lender in a loan to refinance the acquisition loans for 37 skilled nursing, assisted living, independent living, and memory care facilities located in nine states.
  • Represented a lender in a syndicated loan in the amount of $225 million to finance the acquisition of four senior independent living facilities located in Illinois.
  • Represented a lender in a credit facility secured by 12 skilled nursing facilities located in Texas.
  • Represented a lender hospital in connection with eight loans in the aggregate amount of $85 million to a borrower, which refinanced senior housing facilities composed of independent living/congregate care units, assisted living residences, alzheimer’s units, and skilled nursing units, in various counties in Pennsylvania.
  • Represented a mortgage company in connection with a $46 million credit facility for the acquisition and refinancing of five senior housing facilities in several states.
  • Represented an asset-based lender in connection with a loan to an assisted living facility in Colorado.
  • Represented a lender in connection with $5.1 million construction loan for a 71-unit assisted living facility in Sugarland, Texas.
  • Represented a lender in connection with a $4.5 Million construction loan for a 64-unit assisted living facility in Peachtree City, Georgia.
  • Represented a mortgage company in connection with a $46 Million credit facility for the acquisition and refinancing of five senior housing facilities in several states.

Client Success Stories

Troutman Pepper Locke Advises Osisko Development in $203M Private Placement and $450M Credit Facility

How we helped

Client Success Stories

Troutman Pepper Locke Advises Velo3D in $17.5M Public Offering and NASDAQ Uplisting

How we helped

Our highest goal? Achieving yours.

Exceptional results are our best practice

Find your professional