Webster Bank - $17.3MM Senior Care Loans_Property for Sale

1530 Middle Tennessee Blvd, Murfreesboro, TN, 37130, US

Webster Bank - $17.3MM Senior Care Loans

Asset Description

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.

CLICK TO ACCESS THE REVERE CRE WEBSITE FOR MORE INFORMATION

TRANSACTION TIMELINE

Legal Cut-Off: Thursday, June 8

Bid Date: Tuesday, June 13

Closing Date: Wednesday, June 21

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Attributes

Loan Status

Performing

Listing Type

Healthcare

Media

Investment Highlights

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.