CHICAGO & NEW YORK–(BUSINESS WIRE)–White Oak Healthcare Finance (“White Oak” or “WOHCF”) today announced it acquired an approximate $700 million portfolio of skilled nursing and seniors housing loans from Capital One Healthcare (“Capital One”) and its participant banks. Capital One provided debt financing for the transaction. Financial terms of the transaction were not disclosed.
“This transaction further validates our commitment to the sector and establishes us as an industry leader,” said White Oak’s Managing Director and Partner, Isaac Soleimani. “Our team has significant experience in healthcare real estate and, with this transaction, we continue our rapid growth as we become one of the largest lenders in the space. Capital One and their talented real estate team have been valued partners of White Oak and we are excited to continue growing the relationship.”
“We have a great relationship with the team at White Oak and worked closely with them to structure a mutually beneficial deal,” said Jim Seymour, Senior Managing Director, Capital One Healthcare. “This transaction enables them to continue their aggressive growth strategy and for Capital One, it presented a great opportunity for us to change the nature of some of our skilled nursing exposure and to continue our commitment to the sector. We look forward to working with White Oak again in the future.”
About White Oak Healthcare Finance
White Oak Healthcare Finance, LLC, an affiliate of White Oak Global Advisors, LLC, is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs. WOHCF has deep domain expertise with a sole focus on healthcare which enables it to provide flexible and creative solutions with certainty of execution. WOHCF offers a differentiated product set including cash flow term loans, asset-based loans and ABL Stretch facilities, unitranche facilities, last out financings, real estate financings, equipment financings and opportunistic investments. As a lender with large pools of capital to deploy, WOHCF generally holds its full loan positions to maturity.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors, LLC’s disciplined investment process aims to deliver risk-adjusted investment returns for our investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
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