(From SeniorCare Investor February 19, 2019)
After only being in operation since March, X-Caliber Capital’s bridge lending group had an impressive 2018, closing $250 million in healthcare and seniors housing financings. Those transactions included everything from acquisition financings and recapitalizations to value-add and cash-out refinances. Plus, the firm will look to bring all of these loans to HUD for a permanent take-out.
X-Caliber also closed out 2018 strong with three transactions in the last 45 days, including a $32 million acquisition loan for a Connecticut skilled nursing portfolio. We’ll see what’s in store for 2019.