Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of a $17.3 Million Performing Senior Care Loan Portfolio (the “Loan Portfolio”). The Loan Portfolio is comprised of two loan relationships collateralized by three (3) skilled nursing facilities and a commercial line of credit (the “Collateral”). Originated in 2013 and 2021, the Loan Portfolio features and attractive weighted average coupon of 8.75% and a weighted average seasoning of 34 months. The Collateral features two (2) skilled nursing facilities in Tennessee and one (1) skilled nursing facility in Connecticut for a total of 284 beds.
The offering presents investors the opportunity to acquire three (3) performing loans that are well collateralized with an attractive in-place coupon.
Legal Cut-Off: Thursday, June 8
Bid Date: Tuesday, June 13
Closing Date: Wednesday, June 21
Performing Loans: The offering presents the opportunity to purchase a performing Loan Portfolio with committed sponsors and a weighted average seasoning of 34 months.
Outsized Coupons: The Loans feature a weighted average coupon of 8.75%, which provides an equity like return on a debt investment.
Low Leverage Loans: The Loans are well collateralized and remain low leverage despite current debt capital markets and subsequent value headwinds.