X-Caliber Arranges Financing for SNF Portfolio in New England

A portfolio of 10 skilled nursing facilities in Massachusetts and Connecticut has been sold to an experienced and highly regarded owner/operator with financing in hand from X-Caliber. The $100 million loan comes to about $70,000 per bed in debt, placing the purchase price somewhere above that. Built in the 1980s and 1990s and totaling 1,416 skilled nursing beds, the properties are cash flowing and have occupancy around 85%. The purchase price and other details are undisclosed.